Building Radar

SEPTEMBER 9, 2024

A lump sum contract is a fixed-price agreement in which the contractor agrees to complete the project for a set price, regardless of actual costs. A unit price contract is an agreement where the contractor is paid for the actual quantities of work performed, rather than a lump sum. What is a ‘Mechanic’s Lien’?

Drawings 52

Drawings Construction Lien Contract 52

Best Practices Construction Law

NOVEMBER 21, 2019

Contractors have a means of shifting the risk of non-payment by the owner to its subcontractor by including a certain payment provisions in the subcontract agreement. The owner ultimately lost its construction financing on the project and abandoned the development. In Universal Concrete Products Corp.

Contract 77

Contract Subcontracting Drafting Virginia 77

Levelset

FEBRUARY 10, 2022

Deep dive – Scope of Work: 6 Things Every Construction Agreement Should Include. The preconstruction phase helps nail down the materials before the project breaks down, giving the client time to choose several backup options, and the contractor enough time to secure financing and order them so subs aren’t waiting for them to arrive.

Risk 52

Risk Feasibility Bidding Budget 52

Construction and Infrastructure Law

JANUARY 17, 2018

While the construction company’s management was great at operating the construction business, it was not so great when it came to the financing business. In general, EPCs that successfully realized investment returns typically invest through an independent financing arm. It may be time to revisit the financing model again.

Equity 40

Equity Contractors Finance Construction 40

Construction Lawyer

JUNE 13, 2005

You are not our client and we are not your attorneys unless and until you enter into a written retainer agreement with us. This document was written by the MBA Commercial Real Estate/Multifamily Finance Board of Governors (COMBOG) Loan Origination Committees Mold Working Group. mechanics liens. Subscribe to this blogs feed.

Illinois 40

Illinois AIA Chicago Documentation 40

Buisness Facilities Contributed Content

JULY 11, 2014

Beginning Entrepreneur Loan Guarantee Program: Designed to assist in business start-up financing by providing a financial institution with guaranty of a loan not to exceed $200,000. Loans may be used to finance the purchase or improvement of real property, equipment or personal property, or working capital needs.

North Dakota 40

North Dakota Income Finance Equipment 40

Buisness Facilities Contributed Content

MARCH 8, 2016

FINANCING & GRANTS. CAP can be used with term loans or lines of credit, on financing for working capital needs, technology or facility upgrades, business startups or business expansions. Financial institutions must enter into a Capital Access Program Lender Agreement with Empire State Development before enrolling loans.

New York 40

New York Finance Products Commercial 40

Buisness Facilities Contributed Content

MARCH 8, 2016

Beginning Entrepreneur Loan Guarantee Program: Designed to assist in business start-up financing by providing a financial institution with guaranty of a loan not to exceed $200,000. Loans may be used to finance the purchase or improvement of real property, equipment or personal property, or working capital needs.

North Dakota 40

North Dakota Income Finance Equipment 40

Contractor Bookkeeping

OCTOBER 4, 2013

Three Steps To A Paradigm Shift: #1 Unfreeze - Being open to a new idea that is in agreement with your core values. #2 Always, always keep your commercial banker updated about any major changes that may affect your business or personal finances. Setup your partnership agreements. Are you open to a Paradigm Shift ?

Profitability 49

Profitability Construction Accounting Cash Flow 49

Buisness Facilities Contributed Content

APRIL 15, 2014

CAPCO financing, an alternative to conventional bank financing, can accommodate a slightly higher risk profile and provide a more flexible structure for growing businesses. Terms for both are normally 10-20 years and can finance up to 100% of the project costs. ALABAMA - updated for 2014. They are: The Renewal Program.

Income 108

Income Finance Zoning Employment 108

Buisness Facilities Contributed Content

MARCH 21, 2014

CAPCO financing, an alternative to conventional bank financing, can accommodate a slightly higher risk profile and provide a more flexible structure for growing businesses. Terms for both are normally 10-20 years and can finance up to 100 percent of the project costs. It allows for the construction of roads, bridges, etc.

Income 75

Income Finance Zoning Equipment 75

Contractor Bookkeeping

JUNE 15, 2012

Use Credit Cards - And supplier accounts to finance your new business and be very careful about what you buy. No work should ever be performed based on verbal agreements. Lien Waiver - Do not ever give a lien waiver in advance of the check clearing the bank. You say O.K. This is getting extremely stressful.

Contractors 48

Contractors Insurance Claims Lien 48

Contractor Bookkeeping

JUNE 20, 2014

Use Credit Cards - And supplier accounts to finance your new business and be very careful about what you buy. No work should ever be performed based on verbal agreements. Lien Waiver - Do not ever give a lien waiver in advance of the check clearing the bank. You say O.K. This is getting extremely stressful.

Insurance 48

Insurance Construction Claims Accounting 48

Contractor Bookkeeping

JANUARY 2, 2015

Did You Use Your Personal Credit Cards - And supplier accounts to finance your new business and perhaps you were not careful about what you bought? No work should ever be performed based on verbal agreements. Lien Waiver - Do not ever give a lien waiver in advance of the check clearing the bank. You say O.K.

Construction 48

Construction Insurance Accounting Claims 48

Building Information Management

APRIL 24, 2016

JOC, an annual contract and multiple option year agreement for general construction, generally requires the Contractor to e furnish associated labor, tools, materials, equipment and transportation. Contractors are generally selected as part of a multi-year agreement, and/or for one year with tw0(2) to four(4) option years.

Contract 40

Contract Contractors Materials Site 40

Building Information Management

JUNE 22, 2012

o Utility Financing. Demonstrate knowledge of Shared Savings Contracts, Power Purchase Agreements (PPA), Utility EnergyService Contracts (UESC) and Enhanced Use Leases (EUL). o Work with contracting personnel to: • Obtain lien waivers/release of liens if required. • Issue final payment. • Create budget variance report.

Management 45

Management Contract Sustainability Life Cycle 45

Green Building Law Update

JUNE 7, 2020

The title is free and clear of any and all right, title, or interest of the ground lease holder, any lien of a creditor of the ground lease holder, and any person making claims in relation to the ground lease holder. Senate Bill 806/House Bill 1182 (Chs. Senate Bill 293/House Bill 25 (Chs.

Maryland 227

Maryland Leases Housing Commissioning 227