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How to Manage Compliance for Construction Success

Viewpoint Construction Technology

That means they have even more to keep track of in their already busy schedules. Insurance and bonding requirements. Lien requirements. Building codes , insurance requirements and bonding requirements can vary by location, though. Building codes. Credit and background checks. Wage and union payroll agreements.

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HUD Jumpstarts PACE Financing for Homes

Green Building Law Update

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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Don’t Settle Your Construction Dispute Without Checking with the (Insurance) Man

Best Practices Construction Law

Well, in a recent construction dispute in Maryland, “the Man” was the owner’s insurance company. The contract required Gaylor to purchase and maintain an Owner Controlled Insurance Program (“OCIP”). The Contractor did not notify the insurance carrier of the dispute prior to settlement.

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How a Construction-to-Permanent Loan Impacts Contractors & Lenders

Levelset

Lenders require information about the project’s cost, financial management, and schedule before issuing a construction-to-permanent loan. Failing to protect lien rights. Though the rules vary by state, the lender on a construction project generally retains lien priority if the property owner defaults on the loan.

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Does GC Insurance Cover Subcontractors?

Levelset

Luckily, that’s what insurance is for, right? Does a general contractor’s insurance cover their subcontractors’ accidents or mistakes? While there isn’t a cut-and-dry answer to these questions, we’ll take a deeper look into insurance coverage and what happens in these situations. Who is covered by an insurance policy?

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Assignment of Benefits for Contractors: Pros & Cons of Accepting an AOB

Levelset

When a property owner files an insurance claim to cover a restoration or roofing project, the owner typically deals directly with the insurance company. They may not have the funds available to pay the contractor out of pocket, so they’re counting on that insurance check to cover the construction costs. Setting up an AOB.

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Construction Forms for excel

Construction Cost Estimating

Office Forms for Construction : Transmittal, Submittal Log, Minutes of Meeting, FAX Cover, FAX Log, Memo, Memo - Log, Phone Log, Phone Conversation Record, Insurance Verification Log, Petty Cash, Project Payment Summary, RFI - Request for Info, RFI Request for Info Log, Financial Statement, Bar Schedule, Insurance Specifications, Request for Substitution, (..)

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