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HOMEOWNER WARRANTIES: TAKING THE MYSTERY OUT OF THE “2-5-10″

September 3, 2007


Most folks in the construction business have heard about “mandatory warranties” for residential construction. They may know that the Homeowner Protection Office is involved in enforcing the requirements. They may even know that theHomeowner Protection Act contains the specific requirements for residential builders in B.C. In my experience, however, many are […]

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Shimco Case Affects Builders Lien Holdback Procedures

March 27, 2003


http://www.cwrealestate.ca/articles/shimco.pdf

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Construction Bonds: What You Need to Know

January 2, 2003


The three main types of bonds encountered in the construction field are Performance Bonds, Labour and Material Bonds and Bid Bonds. A Performance Bond is a guarantee that the contractor will perform all of its obligations under the construction contract. A Labour and Material Payment Bond is a guarantee that all who […]

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GMP – The Misunderstood Contract

November 29, 2002


The Guaranteed Maximum Price (GMP or GMAX) contract is perhaps the contract most misunderstood by architects, developers and contractors alike. In our capacity as project cost control and monitoring consultants we have witnessed numerous errors in the fundamental understanding of the risks, intent and administration of this form of contract. […]

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