Real Estate 2024

PUERTO RICO CONTENTS

7. Construction p.737 7.1 Common Structures Used to Price Construction Projects p.737 7.2 Assigning Responsibility for the Design and Construction of a Project p.737 7.3 Management of Construction Risk p.738 7.4 Management of Schedule-Related Risk p.738 7.5 Additional Forms of Security to Guarantee a Contractor’s Performance p.738 7.6 Liens or Encumbrances in the Event of Non-payment p.738 7.7 Requirements Before Use or Inhabitation p.738 8. Tax p.738 8.1 VAT and Sales Tax p.738 8.2 Mitigation of Tax Liability p.738 8.3 Municipal Taxes p.739 8.4 Income Tax Withholding for Foreign Investors p.739 8.5 Tax Benefits p.739

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