New Construction Contracts Essential for Builder Members
Protection offered by TAB’s Residential Contracts Package is more important than ever due to supply chain upheaval, rising material costs and evolving court precedent. The 2021-23 contract revisions, now available for purchase and download by builder members, constitute some of the most significant changes in more than a decade.
These modifications include:
*Disclosure Provisions;
*Materials Escalation Clause;
*Termination by Builder Procedures;
*Arbitration Provisions;
*Insurance Requirements; and
*Definition of Construction Costs.
“If you don’t use these contracts in these uncertain times, odds are you are not adequately protecting your business,” said Dallas BA Executive Officer Phil Crone. “Courts in major markets such as ours are becoming less favorable. Also, plaintiff’s attorneys are trying to involve homeowners’ children in personal injury claims in order to sidestep arbitration.”
TAB’s Residential Contracts Package is available for $399.99 (plus tax). This purchase covers any subsequent updates that may occur between now and Aug. 31, 2023.
Visit TexasBuilders.org to secure your copy.
The Bush Rudnicki Shelton Law Firm will offer guidance on the latest contracts package during a workshop presented by the Dallas BA in partnership with StrucSure Home Warranty. The session will be held Thursday, Sept. 30, from 10 a.m. to 12 p.m. To register, visit the calendar at DallasBuilders.org.