Nobody expects another to work for nothing, and when you perform a service, you are owed a payment. Paying for services rendered is the basis of the free-enterprise system in North Carolina, and throughout the U.S. So you may be likely to both understand and support a business or person who is not paid for completed work.
Disputes arise over construction projects for many different reasons and our blog has delved into this topic carefully. However, those who run a construction business encounter all sorts of other issues, such as disputes with subcontractors. As with other construction disputes, a disagreement with a subcontractor may surface for all sorts of reasons. For example, the scope of work is a common cause of disagreement. In some instances, a subcontractor may bid for a portion of a project, while a contractor was under the impression that a larger portion of the project was included in the bid.
That question may be what makes this topic one of the most common sources of disputes in the construction industry. You would think that, since these disputes are so common, they would be easy to navigate. Unfortunately, that is often not the case.
People who rent their home, townhome, condo or apartment dwelling in North Carolina know that they are not amassing equity in a residence or property but they do get to enjoy a level of freedom when it comes to having primary responsibility for maintaining a property. For some, the ability to make a quick phone call and have a problem fixed without receiving a bill is more than enough benefit to warrant renting versus buying.
You have recently invested in a rental property with plans to accumulate more in North Carolina. Your next step is finding tenants to live in the property so you can enjoy the financial profits. Doing your research and holding your renters to a high standard will help guarantee that your property remains in livable conditions. However, if you do not put any guidelines in place, you could be left to foot the bill when costly repairs and consequences need to be taken care of.
If you're involved in the construction industry in North Carolina, you're likely aware that construction contracts are an essential element of the process. Because these documents are so important, it's important for contractors to know the different types of contracts and what protections they can offer. TheBalance.com offers insight in a few common construction contracts, and why they're beneficial.
A company has breached the contract between it and your North Carolina company, and it cost you. In fact, your bottom line has taken such a hit, you may be wondering whether your business will even recover. According to FindLaw, you may be able to recover your financial losses through a breach of contract lawsuit.