What Is a Project Compliance Checklist?

Developing a project compliance checklist is a vital way to ensure your construction business is taking the steps you need to take in order to get paid for each project. While this checklist will differ for each company and for different types of projects, there are a few key elements you need to be sure to include.

Corporate registration and Professional Licensing

All states have specific requirements for registration and professional licensing. It's important for every contractor to ensure they are compliant with the state they're working in, especially for a business who performs projects in several different states.

Contract Review

When signing a contract for a new project, you may have a standard set of terms you use regularly that you worked with an attorney to draft and you are comfortable with. It's always important to check the details of each state you work in before bidding and commencing work.

For larger businesses, you may choose to have an attorney on retainer who can quickly review any contract changes or other statutory requirements to ensure the project moves forward. NLB has an entire network of experienced construction lawyers to facilitate legal compliance nationwide.

Subcontractors in particular should be on the lookout for draconian clauses in the contracts they receive from prime contractors. Question anything you don't understand, aren't comfortable with, or that seems unreasonable, particularly clauses that ask you to waive your lien rights.

Whatever your solution, make sure someone has reviewed the contract and has confirmed the project scope and timeline and programmed all necessary tracking points into your project calendar.