Case Study: Preparing A Construction Company For A Successful Exit

A regional construction and exterior services company had grown steadily for decades. When the owner began considering a transition, he engaged advisors to help prepare the business for a potential sale.
Challenge
Despite strong performance, the company lacked investor-grade reporting and had limited controls around job-tracking schedules. The owner also carried personal expenses through the business, creating uncertainty about true profitability for potential buyers.
Approach
Working with MGO advisors, the company improved its financial reporting by engaging MGO’s client accounting […]

By | March 6th, 2026 ||

Legal Terms Explained: Float in Construction Contracts

In the context of construction projects, the term “float” usually refers to the amount of time that an activity can be delayed without impacting subsequent activities and/or the contractual completion date. In essence, it is a time contingency that is built into the programme to allow for unforeseen issues.

There are several types of float, including the following:

Total float: The length of time that an activity may be delayed without delaying the contractual completion date/impacting the critical path.
Free float (or activity float): The length of time that an activity can be delayed without impacting activities that immediately follow.
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By | March 4th, 2026 ||

The Law of Dirt – Differing and Changed Condition Claims

Hahn Loeser Partner Aaron Evenchik presented “The Law of Dirt – Differing and Changed Condition Claims” on March 3, during the Ohio Contractors Association‘s 2026 Conaway Conference in the Columbus Hyatt’s Regency Ballroom. The two-day conference provides a forum to review the previous construction season, provide valuable information for the upcoming year, and networking opportunities.

Since 1918, the Ohio Contractors Association (OCA) has been leveraging the collective power of its members to serve and support Ohio’s Heavy/Highway Construction […]

By | March 2nd, 2026 ||