Several types of bonds exist in the development world. So, which type of bond is best for your project? A payment and performance bond is a combination instrument. It’s first a payment bond that guarantees that the contractor will pay the labor and material costs they are obliged to pay. But it’s also a performance … Continue Reading
This post was also written by Nicholas Rock, Maricela Robles Garza, Alexandra Gordon, and Pryderi Diebschlag. It is common for our clients to require a short environmental indemnity in a property deal usually when the transaction is well advanced (and the due diligence is in) and often once the timetable is really compressed. Sadly there … Continue Reading
Where Can Risk Be Reallocated by the Contract? As the business cycle grinds forward in a low-growth environment, it is clear that considerably more time is being made available to long-term commitments such as real estate lease contracts. Several areas present opportunities for both Landlord and Tenant representatives to utilize the Lease negotiation to reduce … Continue Reading
