Representative Matters

$2.5M Contract for Occupied Luxury Residence Upgrades

We represented a general contractor to negotiate a $2.5 million stipulated sum Owner-Contractor Agreement for a substantial addition and alteration to an existing single-family residence. The contract included a value engineering clause to potentially reduce costs, with any savings reallocated to the contingency fund. The complexity of working on an occupied residence, plus an aggressive 550-day timeline and potential liquidated damages, required careful drafting and negotiation.

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Contact

Contact Jeremy S. Baker, a Chicago-based design and construction attorney who served at “big law” firms for nearly 18 years before launching Baker Law.

Phone Number (312) 621-7184

Baker Law, Design & Construction Counsel

Baker Law, Design & Construction Counsel N/a
Address Cook County Office 33 N. Dearborn,
Suite 1000
Chicago, IL 60602
Office meetings by appointment only.
(312) 621-7184
Address Lake County Office 790 Estate Drive,
Suite 200
Deerfield, IL 60015
Office meetings by appointment only.
(312) 621-7184