Construction, involving any improvement or alteration to real property (“real estate”), including demolition work to clear a site, is subject to all of the principles and doctrines of law, under the broad, general classification of Construction Law. The basic principles of law and equity affecting real property have evolved from a broad body of basic laws, regulations, standards, practices, custom, usage, codes and technology.
Contract terms and definitions in construction contracts are very important, because they eliminate ambiguity and misunderstanding; they also govern the specific understanding and agreement of the parties to the contract, and provide the framework for interpretation and resolution of construct contract claims under the laws of each state.
In the Government contracts arena, these contracts are further regulated by the Federal Acquisition Regulation, Davis Bacon Laws, Cost Accounting Rules, Truth in Negotiation Act, and Procurement Integrity – just to name a few.
Let us help you navigate your Government and commercial construction contracts!