The overwhelming majority of condominium and homeowners associations will, at some point in time, need to enter into a large construction contract for a major repair or replacement. Complex construction contracts are more frequent in condominiums, where associations have a much larger number of items that they are responsible for maintaining. However, even smaller homeowners associations may have to contract for a repair or replacement to certain large items, such as private roads/drives or shared stormwater drainage systems for their communities Read the article…………………………….
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