NJ: $250M Redevelopment Funding For Walter Rand Transportation Center

On February 17th, Governor Murphy, Congressman Norcross, Senate President Sweeney together with local and county officials announced $250 Million for the redevelopment of the Walter Rand Transportation Center (WRTC) in Camden, NJ. This will be the center’s first major renovation since opening in 1989.

The WRTC Improvement Project will upgrade and enlarge the existing facility and accommodate future transit development and the potential for new retail, office, housing and hospitality opportunities utilizing Transit-Oriented Development (TOD) design standards.

The […]

By | February 24th, 2021 ||

Power Project Development: Aligning The EPC Agreement And Power Purchase Agreement

Power project developers often negotiate the engineering, procurement, and construction agreement (EPC) at the same time as other project contracts. Depending on the project type and contracting paradigm, a developer (owner) must align key EPC terms with some or all of the following: (1) power purchase agreement (PPA), (2) interconnection agreement, (3) major supply agreements, and (4) operations and maintenance (O&M) agreement.

This article will evaluate the EPC as an exercise in risk allocation, and then highlight issues for […]

By | February 19th, 2021 ||

I’m Not Getting Paid. Can I Terminate the Contract?

I’d like to say that the answer is clearly yes, but that’s rarely the case with construction contracts.  Ultimately, it will come down to the facts of your situation and whether the construction contract specifically allows you to pull off the job.

Not Getting Paid

Not getting paid is probably the most popular reason contractors terminate a construction contract.  The difficulty arises when we look closely at the circumstances leading up to the owner’s decision not […]

By | February 18th, 2021 ||