| Punitive Damages in Construction Dispute Context |
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| Punitive damages are intended to serve as punishment to a wrongdoer and to deter others from engaging in the same wrongful conduct instead of merely compensating the injured party for his losses. Punitive damages are normally awarded in the tort context. Thus, they are rarely recovered in construction disputes given the, normally, contractual nature of the conflict. More... |
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| Patents and the Construction Industry |
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| A patent grants its owner the right to make, use, and sell the patented invention to the exclusion of others. In the construction industry, both utility patents and design patents can mean substantial profits to the builders or contractors who hold them. More... |
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| PROS AND CONS OF INTERNATIONAL ARBITRATION IN GLOBAL CONSTRUCTION PROJECTS |
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| International arbitration is a method by which parties to a global construction project may resolve their disputes without resorting to the courts of a foreign country. It is generally the preferred method for resolving disputes. There are both advantages and disadvantages to international arbitration. More... |
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| Progress Payments |
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| Interim payments throughout construction, known as progress payments, are designed to not only ensure prompt payment to the contractor but also provide an incentive for steady and incremental completion of construction phases. Even though progress payments may be made, the owner will not usually pay one hundred percent of the amount due. Rather, a percentage of the amount due will be rendered with a small portion being withheld until final completion. More... |
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| Recovery for Additional Costs or Extra Work |
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| When a contractor incurs additional costs or performs extra work on a construction project, he will attempt to recover monies for the same from the owner (or the general contractor if the contractor seeking additional compensation is a subcontractor). Generally, changes or extras in the work to be performed must be agreed to in writing. More... |
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