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Category Archives: Interest Rates

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Interest Rates In Construction Contracts and Architects Agreements Part 2 – Floating Interest Rates

Posted in Interest Rates

Introduction To Floating Interest Rates In the last post we talked about pros and cons of fixed interest rates. When a fixed interest rate doesn’t fit the bill, the alternative is a floating rate. As promised, today we’ll talk about floating interest rates, some problems with them, and some suggestions for making them work better… Continue Reading

Interest Rates In Architects Agreements and Construction Contracts Part 1 – Fixed Interest Rates

Posted in Interest Rates

Interest Rates You’ll Usually Find Under most architects agreements and construction contracts, interest gets added onto late payments. I can’t remember the last time I saw one of these contracts that didn’t add interest to late payments and identify the rate of that interest. But almost as often I notice problems with how the rates… Continue Reading