Steven K. Metcalf and William H. Spitler will be speaking as part of an upcoming seminar in Tulsa, Oklahoma entitled Fundamentals of Construction Contracts: Understanding the Issues. If this seminar topic is of interest to you, McDonald & Kindelt, LLP would like to personally invite you to attend. As guests of the Firm you are […]
Construction
STATUTES OF LIMITATIONS AND REPOSE AFFECTING CONSTRUCTION CLAIMS
In construction law, statues of repose and statutes of limitation both impose time bars that prevent a party from asserting a claim after the passage of some period of time. However, there are significant differences in these two types of statutes which are important to understand, whether you find yourself bringing or defending a claim. […]
RISK TIP: TEN STEPS (PLUS ONE) TO MINIMIZE YOUR RISK.
There are many practical ways a contractor or vendor can reduce its risk in the construction industry. In an earlier article, we revealed the first five in a series of eleven risk tips that are among our most recommended. Following are the other six. 6. Give prompt notice of extra work or increased costs. Anytime […]
RETAINAGE – WHAT CONTRACTORS SHOULD KNOW!
The following article addresses retainage in the context of the owner-contractor relationship. Subcontracts often have similar retainage provisions. The same principals discussed herein are generally applicable to the contractor-subcontractor relationship. Retainage is a term of art in the construction industry. It consists of contract funds earned by a contractor for work performed on a project […]
PRE-LIEN NOTICE: Oklahoma Appellate Court First to Interpret 2001 Pre-Lien Notice Statute
In a prior article, we explained Oklahoma’s pre-lien notice statute and what action should be taken and when in order to comply with its provisions. The importance of properly complying with its terms, as we explained, lies in the language of the statute wherein the “[f]ailure of the claimant to comply with the pre-lien notice […]