New Laws, Technologies Push Signing on The Dotted Screen Offer Important Safeguards
Ask a group of people to name their most serious reservation about working electronically, and it's a good bet most of them will say "security." With online information increasingly becoming the new currency of the construction business, keeping careful tabs on who has access to what data is more important than ever. Equally critical is knowing that the data is genuine and legally binding, especially when it's a proposal to bid or a contract to perform work.
"That's what so fun about this electronic marketplace," says Rodney Moss, an attorney in the construction and procurement law group at Bradley Arant Rose & White LLP, Birmingham, Ala. "This is a whole new ball of wax, when paper never exists and information gets exchanged in a number of ways," he says.