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The First Green Building Litigation. The Rest of the Story.

Green Building Law Update

A counterclaim was filed by Shaw Development alleging breach of contract and negligence. Significantly, a motion to stay proceedings and compel arbitration was granted by the court in response to the contract provision (the parties having utilized AIA B101 – 1997™) that mandated binding arbitration. .”

Green 120
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The First Green Building Litigation. The Rest of the Story.

Green Building Law Update

A counterclaim was filed by Shaw Development alleging breach of contract and negligence. Significantly, a motion to stay proceedings and compel arbitration was granted by the court in response to the contract provision (the parties having utilized AIA B101 – 1997™) that mandated binding arbitration. tax credit certificate.

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How High Profit Jobs Send Contractors Into Bankruptcy

Contractor Bookkeeping

The most common situation is when a residential remodel contractor who has built a reputation and a substantial company generating profits of 15% or more decides to start building custom homes. Or the opposite a home builder who decides to branch out into residential remodeling. Home Builder Doing A Residential Remodel.

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#130:  Secured Lenders' Rights to Construction Contract Payments

NH Construction Law

It happens this way: A contractor or subcontractor borrows money from a lender, and as security for the loan it gives the lender an assignment of or lien on its receivables and contract rights. Otherwise all construction contracts would have such a clause, thwarting the lender’s statutory rights.

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Estimating- The New Normal

Chianelli Estimating

Most likely none of the cost factors now required will have been budgeted for on previously awarded contracts and the list is formable; controlled access to sites, material delivery disruptions, temperature checks, two week quarantine, reduced labor force – both in the field and in the office, material shortages. cost overruns.

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Construction Estimating

Chianelli Estimating

Many times those costs are not recovered, however; they could make the difference in keeping the Builder or Owner solvent or ending up with a failed project or worse yet bankruptcy. A good estimate requires time to develop which directly effects the Owner’s, Contractor’s, Architect’s and Engineer’s cost of doing business.

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Completed Operations: A Contractor’s Guide to Coverage, Cost, & More

Levelset

The coverage kicks in when: The contract has been completed All of the work has been completed The work has been put to its intended use. The work is considered finished when the contract is complete — repairs or maintenance generally don’t affect the completion date. . not in progress).