Bidding on and performing on government contracts can be a complicated but lucrative process. To benefit from undertaking a government contract, it’s important for companies to understand the facets of these agreements. What to Know Before You Bid: 4 Essential Tips Before you invest time, money and resources into bidding on a government contract: Determine whether submitting a bid is in your company’s best interests, and Position your bid for approval. As you prepare to bid on your first government contract: Register your business. Your business must have a Data Universal Numbering System (DUNS) number, which you can get for free
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OSHA conducts inspections every year; in 2017, a total of 32,396 federal and 43,551 state OSHA inspections took place. If you have concrete policies and procedures in place that ensure the safety of all your employees, you don’t need to worry about OSHA representatives showing up at your worksite year after year. With that said, you should always be ready for the possibility of an OSHA inspection. In fact, OSHA inspectors generally conduct surprise examinations without giving you prior notice. Be sure to prepare for such an inspection by understanding why they take place and which procedures your company should follow when
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A well-written construction contract can serve as a roadmap for a project, clarifying the work scope, project duration and costs, as well as obligations and risks accepted by the involved parties. Consequently, construction contracts can: Facilitate the completion of projects Compel compliance with specific procedures, budgets, and timelines Establish guidelines for certain possibilities Delineate how to address and resolve disputes To devise a well-written construction contract, you should include certain essential terms. Please be aware that the specifics of your project may require additional terms. Whether you are a contractor, developer or any other party involved in a construction project,
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If you work in the construction industry, you’re aware of the many local and federal building regulations that you must adhere to when beginning a new project. You’re also familiar with the potential legal disputes that might arise when working with other construction professionals, including developers, architects, contractors, and suppliers. The more parties involved, the higher the risk of legal issues, particularly in terms of contract disputes and workplace safety issues. Because many issues can arise when working in this industry, be sure to look out for signs that indicate you should contact a qualified construction lawyer for legal assistance.
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