If you're seeking to make money and protect your business interests, then written contracts are the way to go. Read on to learn the benefits of contracts and why you should include indemnity clauses.

If and when you come into a disagreement during a project, there are a number of dispute resolution strategies that you can use to reach a satisfactory resolution. Read on to learn about mediation and arbitration, two popular dispute resolution strategies.

If you’re like many others in the construction industry, you may be wondering whether you can claim temporary or permanent relief under a force majeure clause because of the COVID-19 pandemic. Read on to learn more about how and when to use a force majeure clause.

Contractors have standard remedies that they can take advantage of when a subcontractor defaults, but what protections does a subcontractor have if the contractor defaults? Subcontractors can and should include provisions and remedies that protect them if a contractor defaults. In this article, we’ll look into some standard provisions that you should consider including in every contract.

Contracts are an essential tool for maintaining friction-free business relationships. They lay out clear guidelines for what each party agrees to do and create a legal obligation for each party to follow through on that agreement. In this article, we’ll review defaults, contractor remedies, and some standard provisions you should include in your contracts to minimize the effects of contractor remedies.

Having a system in place for collecting all of the critical information that you may need to file a lien, for every project your company works on, is essential. This article shares a simple procedure for collecting project information, so you never have to risk relying on your blurry memory.

Creating and implementing a simple lien system sets construction companies up to file liens successfully, should they need to. This article explains the culmination of your lien system: filing lien statements.

Creating and implementing a simple lien system sets construction companies up to file liens successfully, should they need to. This article explains the culmination of your lien system: filing lien statements.

Liens help construction companies collect money they’re owed for work completed on real property in Oklahoma. With simple lien systems, construction companies can quickly and easily determine whether they need to file pre-lien notices and file them before the mandatory deadline passes.

Systems are an effective way for those in the construction business to avoid their two primary risks: not getting paid and getting sued. A construction company with risk management systems in place will have consistent results, and thus, consistent profits. Plus, these companies are at a reduced risk of litigation.

The Oklahoma legislature created mechanic and materialmen’s liens to help companies collect money after improving real property in the state. If a contractor works on or provides materials to real property in Oklahoma and is not paid for the work or materials, then he can file a lien on the property. The contractor can then file a lawsuit to foreclose on the property and collect the money owed.

Two of the biggest threats facing contractors in Oklahoma are the risk of getting sued and the risk of not getting paid. Both have huge consequences, which can put a construction company in financial ruin. By creating simple, standardized written systems, construction companies can reduce their risks and achieve better, consistent results.

A “system” is simply a regular method or way of doing something over and over that allows you to achieve consistent results. Systems are not subject to interpretation or change, and they are not dependent upon the person who is using the system. Written risk management systems help your business achieve consistent results over time and reduce your risk of litigation.