CMS Tips and Tricks

Ensuring you will get paid when the Owner is financing the contract.  Thanks to our fellow member in the CFMA, Joe Burke for this tip  In his contracts he includes the following language:

"The owner shall, at the written request of the Contractor, prior to commencement of the Work and thereafter, furnish to the Contractor reasonable evidence that financial arrangements have been made to fulfill the Owner's obligations under the Contract.  Furnishing of such evidence shall be a condition precedent to commencement or continuation of the Work.  After such evidence has been furnished, the Owner shall not materially vary such financial arrangements without prior notice to the Contractor."