In the past, it was more common for a single entity to undertake the entirety of a large construction project. From providing the needed materials to supplying adequate labor, a single Minnesota corporation may have done all of the planning and work needed to complete a large building project. Today, however, many separate entities may all work on a single project and provide specialized goods and services in order for the building to be finished.
New homes are popping up throughout Hennepin County, giving existing and first-time homebuyers a chance to get into the housing market with brand new properties. However, many current homeowners are looking into projects at their residences to improve or augment the structures in which they live. Home improvement or remodeling construction is a major industry and the individuals who work in it are regulated to perform their jobs up to particular standards.
When it comes to construction projects, the importance of planning can't be overstated. Whether you're a builder, supplier, designer, contractor, subcontractor or owner, the success of a project depends on the planning and the strength of the contracts between all parties involved. As with a built structure itself, protections against liability and the trajectory of profits must come from a firm foundation, and solid contracts are that foundation.
We saw an episode of a home renovation show on HGTV recently that had an unusual twist. Usually, the contractor finds mold or asbestos in the fixer-upper, or the electrical panel needs to be upgraded to support the modern family's electronics habits. In this episode, though, the contractor receives a call from someone who had worked on the house before, someone who had not been paid for the work.