George M. Nicholos

Masks, Vaccines, and a Return to the Workplace = Continued Economic Strength in the Construction Industry

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Upturn in construction activity expected; the AIA’s Architecture Billings Index through August 2021 indicates continued economic strength despite growing supply chain issues. The Architecture Billings Index (ABI) is a composite index derived from monthly report surveys from American Institute of Architects...

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Positive Economic News from the Construction Industry as the effects of COVID-19 Pandemic decrease

Architect Draws a Design Back View
Positive signals in the construction industry; the AIA’s Architecture Billings Index through April 2021 indicates a strong rebound as the effects of COVID-19 continue to subside. The Architecture Billings Index (ABI) is a composite index derived from monthly report surveys from American Institute...

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Construction Industry Economics Respecting COVID-19 Mixed But Positively Trending

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The Architecture Billings Index (ABI) is a composite index derived from monthly report surveys from American Institute of Architects (AIA) member firms located throughout the United States reporting on construction project activity the AIA refers to as “Work-on-the-Boards” (projects in the planning...

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Construction Change Order: Friend or Foe

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The dreaded Change Order or CO is almost unavoidable on most projects. COs commonly result because of things such as inaccurate specifications, ambiguous or inaccurate drawings, unforeseen conditions at a job site, issues with construction materials, faulty budgets or schedules, or additional requests...

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Unintended Consequences With Modern Day Construction Documents – Typically, “The Devil is in the Details”

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Whether this well-known proverb is attributed to French Novelist Gustave Flaubert or Modernist Architect Mies van der Rohe, the meaning is likely the same; costly mistakes usually originate in the details of a project. Faced with shrinking design budgets, one of the first corners cut is usually the...

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To Indemnify, Hold Harmless and Defend; Frequently Used and Frequently Misunderstood Contract Terms – Let’s Review

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Contract terms addressing indemnity and requirements to hold another harmless or responsible for the defense of another are contract terms that appear in virtually all construction contracts.  Despite their almost universal incorporation, they are frequently misunderstood! Everyday business decisions...

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