Construction & Development Articles

These Construction & Development articles will give you the news and information you need to stay up to date in the ever changing Construction & Development industry.

June 10, 2013 – 1,991 views
Association of Construction and Development
The task of estimating construction costs requires prudent judgment. Estimating project cost is a complex process of predicting the cost through quantitative analysis. The construction cost is estimated after detailed analysis of cost of labor and materials. This analysis differs from the preliminary estimate in construction bids which takes into account volume and area... Full Story 
June 5, 2013 – 1,600 views
Association of Construction and Development
The Federal Historic Rehabilitation Tax Credit Act is a federal law that is primarily aimed at helping preserve ‘Historical’ buildings. The Historic Rehabilitation Tax Credit Act allows for 20% credit allowed for the rehabilitation of those buildings that are considered to be historical, and also allows for a 10% credit for the rehabilitation of non-historical buildings that were placed in service prior to 1936. The HTC is widely considered to be one of the most successful as well as cost-effective revitalization projects performed by the communities... Full Story 
May 17, 2013 – 2,101 views
Association of Construction and Development
It can be quite a lucrative option to expand your business to the federal market. When you do so, you will have numerous opportunities for growth and networking. But it is important to be aware of the legal issues with a federal contract. Taking up a federal contract involves complying with all the legal regulations that are unique for those involved in business deals with the federal government. Many times, contractors who take up federal contracts for the first time, especially those that are small businesses, fail to... Full Story 
May 13, 2013 – 2,955 views
Association of Construction and Development
Nowadays, we are surrounded by billboard advertising wherever we go. Every week, an average individual is exposed to more than a thousand of these billboard ads. With the outdoor advertising industry rising in demand and becoming very competitive, it is important to be are aware of the issues involved in leasing out billboard space for various advertising purposes. Understanding the legal complications involved in billboard leases is important if you choose to run it as a... Full Story 
May 9, 2013 – 2,076 views
Association of Construction and Development
LEED® stands for Leadership in Energy and Environmental Design. It is a reference guide for a rating system of buildings. The rating is specifically based on environmental performance. Different environmental categories get different weights. Energy and atmosphere gets 27 percent, while indoor environment gets 23 percent. The weight given to sustainable sites is 22 percent, while material and resource get 20 percent, and water gets 8 percent... Full Story 
May 8, 2013 – 1,930 views
Association of Construction and Development
It is quite common for construction projects to deviate from the original plan. Problems like those related to a budget, the site conditions, and design issues can arise during the course of work. This requires every construction project to have scope for changes in the work, to take care of the unforeseen consequences. This construction change is accomplished through the change order process. This gives the project owner the authority to change the scope of work of the contractor without invalidating the terms of the contract. To accommodate the change of order without any issues, the project owner should make sure that the original clause specifically determines how the change orders are... Full Story 
April 19, 2013 – 1,768 views
Association of Construction and Development
A program that has been in existence since 2000, the New Markets Tax Credit, is aimed at revitalizing low-income households and communities that are below poverty line. This program offers tax credits to those who invest in certified Community Development Entities (CDEs) that focus on developing low-income communities... Full Story 
April 18, 2013 – 1,797 views
Association of Construction and Development
A condition that causes decrease in the value of a common area, a condominium, or a home can be recognized in legal terms as a design, material, or workmanship defect or even a land movement related effect. These construction defects can cause substantial damage to the structure and also to individuals... Full Story