Dallas Texas Construction And Business Law Blog

What's in Dallas construction projects contain?

Contracts form the backbone of many construction projects. Since many contracts will be executed before the project is even started, it is important that they are as detailed as possible. After all, what may seem like common sense to one party may be overlooked by the other party. To avoid these problems, those entering into a construction contract may want to keep the following suggestions on what to include in a construction contract in mind.

A construction contract should include all scheduled deadlines that must be met during the construction process. It should also specifically state what each party's responsibilities are. What supplies will be used, and other necessary costs should be documented. Which tasks will be completed by direct hire employees and which tasks will be completed by subcontractors should be addressed in a construction contract.

The Dallas-Fort Worth region seeing drops in construction starts

In 2017, construction activity hit record highs here in the Dallas-Fort Worth area. Since then, though, there have been declines in construction starts in the region. Such activity is estimated to have dropped 10 percent in 2018. And recent statistics from Dodge Data & Analytics indicate that this trend of declines is continuing into this year.

The statistics regard construction starts in the Dallas-Fort Worth area in 2019’s first three months. According to this data, this quarter saw 16 percent fewer such starts (in dollar value) than 2018’s opening three months did. Activity was especially down in the nonresidential building sector, which saw a 19 percent drop.

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