PCL sues JPMorgan Chase over $30M in unpaid work on American Dream mall
Construction Dive
JUNE 26, 2023
The Denver-based contractor claims the bank is on the hook for the money since it acted as agent for a construction loan on the troubled project.
Zero Waste in an Era of Net Zero Everything
Green Building Law Update
FEBRUARY 26, 2022
Despite that the Zero Waste movement peaked in about 1998, in the modern context of Net Zero from Net Zero Energy to Net Zero Carbon, we are today with surprising frequency asked about a business being able to claim it is Zero Waste. No company should claim to be Zero Waste. There is a lot of waste out there. But it is not easy.
Claims 
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Trending Sources
Construction Lead Services: Dodge vs. Reed
Construction Marketing
JULY 24, 2014
The companies gather this information by employing phone banks of researchers who call their sources to get updates on projects, secure plans, and identify new projects coming down the pipeline. RCD claims to have a stronger group of reporters on private projects. Entry fee for the service comes in at $110 per month.
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How a bank got it wrong — and what this social media experience can teach us about construction marketing
Construction Marketing Ideas
DECEMBER 13, 2012
Jonah Sachs reports in a Harvard Business Review blog about how an advertising campaign for Denske Bank went badly wrong. The ad was meant to capture this zeitgeist and, using storytelling rather than any new facts or claims, tell audiences “we get it and we’re going to adapt to these times.” So what went wrong?
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Construction Leads – So Many Leads, So Little Time!
Construction Marketing
DECEMBER 22, 2010
The companies gather this information by employing phone banks of researchers who call their sources to get updates on projects, secure plans, and identify new projects coming down the pipeline. RCD claims to have a stronger group of reporters on private projects. Entry fee for the service comes in at $110 per month.
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If banks were truly running the global AEC, all construction sites would be paperless by now!
DebunkTheBIM
DECEMBER 18, 2014
Banks generally like to keep a close relationship with the AEC industry. Apart from small scale works and cash-jobs here and there, anything to do with creating buildings in large parts of the world involves banks as financiers or partners. Paper as a medium rules the AEC while the banks have all but banned it from their processes.
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Construction Law: November 2024
Construction Law
NOVEMBER 4, 2024
Project Bank Accounts and alliancing contracts are key measures that offer protection to the supply chain. Adjudication Adjudication and collateral warranties Doug Wass of Macfarlanes looks at the recent Supreme Court decision on whether collateral warranties are to be seen as construction contracts under the Construction Act.
Construction 40
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Gru Was Wrong About the Money: Court Concludes that Lender Owes Contractor “Contractually, Factually and Practically”
Best Practices Construction Law
JULY 10, 2022
I love Gru so much that when my children ask for money, my best Gru-like voice belts back: “ Now, I know there have been some rumors going around that the bank is no longer funding us….In Crown Bank , CA No. In terms of money, we have no money.” in BCD Associates., N15c-11-062 (Super. N15c-11-062 (Super. Lessons learned.
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ESG is Not Just for Public Companies
Green Building Law Update
NOVEMBER 14, 2021
Smaller businesses, without a deep bench of internal ESG expertise need to be particularly cautious of greenwashing in ESG claims. banking industry is signaling its willingness to consider ESG when underwriting lending. Many find engaging an attorney with sustainability expertise is a good way to mitigate ESG associated risk.
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Collaborative planning in construction: Get your teams to work seamlessly together
Lets Build
AUGUST 19, 2020
All tasks, on-site activities, and material orders are inextricably linked to each other and the slightest mistake or misunderstanding can quickly block the development of the entire project resulting in serious budget overruns and time-consuming claims. Read more: How to manage claims in construction more efficiently.
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Scam Artists Are Calling Contractors Claiming To Be From The IRS
Contractor Bookkeeping
OCTOBER 17, 2014
Scammers are calling all kinds of people and business owners claiming to be from the IRS. It is no secret that contractors are in an industry with a lot of cash transactions and sometimes they get busy and forget to deposit the money in the bank and properly account for it inside their contractors bookkeeping services system.
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HUD Jumpstarts PACE Financing for Homes
Green Building Law Update
JULY 24, 2016
The concept is not new, but nationally, residential PACE programs generally have been put on hold or foregone as a result of concerns of HUD and the Federal Home Loan Banks, that issued a directive in February 2011 to refrain from purchasing mortgage loans secured by properties with outstanding first lien PACE obligations.
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Phase l Assessments for Tenants are the Hottest Environmental Issue in 2020
Green Building Law Update
JANUARY 19, 2020
In 2020, an increasingly large number of prospective tenants, from commercial banks to sports apparel retailers and the defense industry are actively seeking protection for existing contamination before signing leases. Such is a dramatically large issue with the economic contribution of real estate to the U.S.
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PCL Sues Big Bank for $30M in Claimed NJ Mall Unpaid Work
ENR Construction
JUNE 25, 2023
million-sq-ft American Dream retail-entertainment venue seeks funds for unpaid invoices and interest.from lead lender JP Morgan Chase, as agent for financially struggling project developer.
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Restoration: How to Manage Cash Flow While Waiting for an Insurance Check
Levelset
MARCH 21, 2022
Meanwhile, you’re incurring expenses that drain your bank account, like purchasing materials and paying employees. To cover these expenses, restoration contractors need to manage their cash flow to ensure they have enough money in the bank — especially when the insurance company is dragging their feet. No more waiting for payment.
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Five Benefits of Inspection Reporting Software
Lets Build
MAY 5, 2022
Webinar: How to connect your Snagging & QHSE processes to avoid claims and regain control. Photos aren’t subjective, either: While one inspector might describe and prioritise a known issue very differently from the next, a bank of date-stamped photographs provides unambiguous evidence. Everything is standardised.
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CW: Report Claims Caltrans Ignored Bridge Safety Issues | ENR.
ENR Construction
AUGUST 6, 2012
Banking & Credit Crisis. CW: Report Claims Caltrans Ignored Bridge Safety Issues. Description: CB&I offers $3 billion to buy Shaw; newspaper claims Caltrans ignored safety issues on Bay Bridge. Gulf Oil Spill. Building Types. Construction Methods. Sustainability. Haiti Reconstruction. Economic Stimulus. Safety & Health.
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I Just Read my 1000th Phase I Environmental Site Assessment this Year
Green Building Law Update
AUGUST 30, 2020
In 2020, an increasingly large number of prospective tenants, from commercial banks to sports apparel retailers and the defense industry are actively seeking protection from existing contamination before signing leases. Such is a dramatically large issue with the economic contribution of real estate to the U.S.
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#122: Construction Loan Disbursement Pitfalls
NH Construction Law
FEBRUARY 25, 2023
A common feature of residential construction loans is the requirement for periodic inspections of the progress of work, usually by an independent inspection company hired by the bank, before disbursements are made. New Hampshire Savings Bank , 131 N.H. Nor does a negligence claim against the inspector appear promising.
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Does a Lien Affect Your Credit Score?
Levelset
JULY 5, 2022
There are several different types of property liens , which are legal claims against the property held by a debtor. In contrast, a mortgage is a voluntary lien , because you sign papers giving the bank a lien on your property until you pay off the balance and interest. Preventing mechanics lien claims. What is a lien?
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BIM by numbers
DebunkTheBIM
SEPTEMBER 30, 2011
These claims I make based on the (previously mentioned in this blog) product demonstration I had the pleasure of attending recently. As well as dropping the initially very promising 5D viewer, Vico has gone away from pushing the concept of “recipes”. While the first one saddens me, the second move is good.
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NY Appellate Court Reaffirms Pay-When-Paid Provisions Are Void as Against Public Policy
Constructlaw
JULY 14, 2022
Bank of America, N.A. In January 2015, Sweet notified its subcontractors, including Arenson, of “the payment process” for the Project, noting that “all subs are being paid directly from the bank, but will be distributed by [Sweet].” Subcontractors were to submit payment requisitions to Sweet, which would submit them to bank.
Owners Can Get Cake and Icing Under New Tennessee Lien Law
Best Practices Construction Law
SEPTEMBER 13, 2018
The banking industry was able to get a carve-out because the above remedies do not apply “if the action was brought to challenge a lien that is based on a loan agreement for which the encumbered property was listed as collateral to secure the repayment of the loan.” 4) Any actual damages incurred by the owner.
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Construction Law Aug/Sept 2024
Construction Law
AUGUST 5, 2024
CL guides Project Bank Accounts Our CL Guide comes from Ross Campbell of DLA Piper who explains how Project Bank Accounts are being used. Is this early promise already being eroded? Public sector use is growing but the private sector might need the spur of legislation to promote their uptake, he suggests.
Construction 52
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Construction Law: December 2023
Construction Law
DECEMBER 5, 2023
The programme, called CRUX, is based on expert diagnosis of claims and disputes. Claims Building a case by extrapolation – should failure be the default? Presenting and proving a case before a tribunal on the basis of a sample should not be seen as novel, suspicious, or as requiring a special elevated standard of proof, he argues.
Construction 52
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How to reduce admin work and endless meetings in construction
Lets Build
MAY 27, 2020
There are many who claim that standardisation is an impossible task for construction. Today almost everyone is using a smartphone and mobile banking. Invest in standardisation. But the truth is way different. Regardless of the type or the size of a construction project, 80% of the process is always the same.
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218 Bad news for the AEC industry
PSMJ Resources
DECEMBER 7, 2009
Interesting article this morning on the American Banking News web site that claims research firms are reporting that defaults on U.S. commercial property loans are surging, standing at the worst level in 16 years. The reports also indicate things will worsen in 2010 and 2011.
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constructionattorneyblog: ILLINOIS APPELLATE COURT DEEMS.
Construction Lawyer
OCTOBER 6, 2012
The Illinois First District Appellate Court recently issued its opinion in the case of Bank of New York v. Jurado , which involved competing lien claims. The plaintiff bank filed suit to foreclose on a mortgage. The bank defaulted RBM after serving its registered agent.
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Sewage Treatment Innovation Promises Big Net Energy Gain | ENR.
ENR Construction
AUGUST 21, 2012
Banking & Credit Crisis. Description: A new advance in microbial fuel cell technology claims to produce enough energy from wastewater, to power treatment plants can. Gulf Oil Spill. Building Types. Construction Methods. Sustainability. Haiti Reconstruction. Economic Stimulus. Safety & Health. Project Delivery. Economic Stimulus.
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Construction workers kidnapped and robbed of £77,000
Construction Enquirer
JUNE 13, 2023
In mid-June 2021, the victims – who work for a London-based construction company – were contacted by someone claiming to be “Lee Kennedy”. He was handed back his phone while Hitchings watched him transfer £77,000 over to another bank account.
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How a Construction-to-Permanent Loan Impacts Contractors & Lenders
Levelset
OCTOBER 19, 2022
There are deadlines for invoice submissions for a monthly bank withdrawal. If the contractor doesn’t meet the deadline, the invoice might not be sent to the bank and paid until the following month. This can drag out the schedule and delay payments, which increases the risk of a mechanics lien claim.
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Why Bookkeepers Embezzle And Steal From Your Construction Company
Contractor Bookkeeping
OCTOBER 3, 2013
Make Bank Deposits Every Day - Rain or shine busy or not. Photocopy and scan all checks and bank deposit slips and upload them to your paperless server. Doing so will make it easier for them to embezzle and harder for you to claim your innocence. Never let the bookkeeper open any bank and credit card statements.
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Construction Lead Services-Comparison of Dodge and ConstructConnect
Construction Marketing
AUGUST 30, 2019
The companies also gather this information by employing phone banks of researchers who call their sources to get updates on projects, secure plans, and identify new projects coming down the pipeline. All that data, combined with plans, goes into a massive database, which is organized by project. Lead Service Differentiation.
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(Still) Waiting for the Home Building Technology Revolution
Pro Builder
NOVEMBER 30, 2020
Claims about how new and impressive technologies will revolutionize product and process in home building are nothing new. Good as gold,” is how he described the schedule, adding, “If they say the house is ready, you can take it to the bank. Or so go the claims. . If, as I claim, the technology is good, then what’s the problem?
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Completed Operations: A Contractor’s Guide to Coverage, Cost, & More
Levelset
SEPTEMBER 16, 2022
The statute of repose cuts off the right to make a claim or sue a contractor after a certain length of time. Examples of completed operations claims. Completed operations coverage provides legal defense of the claim, which is found to be not of merit. Deck collapse. A contractor builds a deck for a homeowner. Coverage limits.
Insurance 52
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It’s All a Matter of [Statutory] Construction: Supreme Court Narrowly Interprets the Good Faith Dispute Exception to Prompt Payment Requirements in United Riggers & Erectors, Inc. v. Coast Iron & Steel Co.
Construction and Infrastructure Law
MAY 16, 2018
Instead, the parties’ disagreement concerned United Riggers’ demand for additional monies it claimed it was owed for the increased expenses it incurred as a result of Coast’s mismanagement of the project. Contract Code § 7107(e), and holding any bona fide dispute can justify withholding retention payment), with East West Bank v.
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40 constructionattorneyblog: Subcontractor's Mechanics lien allowed.
Construction Lawyer
MAY 21, 2009
Subcontractors Mechanics lien allowed where bank seized generals funds. After the owner paid the fifth draw and the general deposited the funds into its bank account, the bank seized the funds in the account because of another debt owed by the general. « Liability for green design | Main. University of St. Francis , No.
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What Is a Certificate of Insurance (COI) for Contractors — and When Do You Need One?
Levelset
OCTOBER 13, 2022
A COI may include a waiver of subrogation endorsement that basically asks your insurance company to pay an insurance claim, while giving up the ability to recover (or subrogate) damages from the party that actually caused the problem. You may secure funding for equipment through a bank or other lender. How long should I keep my COI?
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#106: Construction Mortgage Priority and Direct Payments to Subs/Suppliers
NH Construction Law
OCTOBER 30, 2021
toward payment of invoices from or claims due subcontractors and suppliers of materials or labor for the work on the mortgaged premises.” Shawmut Bank , 139 N.H. Essex Broadway Savings Bank , 117 N.H. ” The statute does not explicitly state that such disbursements must go directly to subs and suppliers. ” Id.
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For one of the many HK contractors that have been caught up in the 65Bim MTR BIM experiment* here is a chance to redeem themselves!
DebunkTheBIM
SEPTEMBER 12, 2013
The winning fee will needed to be paid in 4 equal instalments at the first days of October, November, December 2013 and January 2014 through direct credit into our bank account. Progress reports will be provided to the contractor by MMA on the last days of October and November 2013.
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Build Beyond Zero
Natural Building
JULY 26, 2022
There are many builders who claim to be aiming for some definition of “net zero.” In Build Beyond Zero: New Ideas for Carbon-Smart Architecture, they claim that our buildings should actually help repair the climate. Instead, we put it away– bank it somewhere safe until we get our fossil fuel emissions under control.
Life Cycle 52
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A journey through masonry reclad litigation
BD+C
OCTOBER 7, 2024
This timing comes into play with investigation, inspection, and claim notices, and for getting claims on file—both in court and in arbitration. If possible, this is always preferable over putting parties at risk of going out of business without insurance coverage.
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Viewpoint: The Case for Neutral, Third-Party Schedulers | ENR.
ENR Construction
JULY 22, 2012
Banking & Credit Crisis. --> Companies. Avoiding Claims and Lawsuits The benefits are obvious. Perhaps claims and lawsuits could be avoided. Keywords: Scheduling ; Delays ; Claims ; Critical Path ; PKR Consulting ; Rossetti. -- Advertising --. Gulf Oil Spill. -->. Building Types. Construction Methods. Sustainability.
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4 Factors Underwriters Consider When Issuing a Construction Bond
Levelset
AUGUST 16, 2022
The surety is also likely to explore a contractor’s payment history on past projects — an inability to make on-time payments to subcontractors and suppliers can increase the risk of mechanics liens or bond claims. . Sureties calculate working capital more conservatively than other credit providers or banks. Learn More.
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