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Gru Was Wrong About the Money: Court Concludes that Lender Owes Contractor “Contractually, Factually and Practically”

Best Practices Construction Law

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. Applying New Jersey law, the court held: The controlling documents are the Loan Commitment and the Loan Agreement.

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How Home Builders Are Seeking Out Low Risk Land Acquisition

Pro Builder

Builders can control land without owning it by paying a quarterly fee to the landowner before starting construction through an option agreement, or by working through a third party financial institution through a land banking agreement. In today’s low yield environment, money has been flowing into the land banking business.

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#122:  Construction Loan Disbursement Pitfalls

NH Construction Law

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. ” And such a voluntary undertaking is exceedingly rare.

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Service Agreements Can Improve Contractors Cash Flow And Profits

Contractor Bookkeeping

Why Sell Service Agreements? Service agreement holders are more likely to be clients that add more value to your construction company because they represent the most loyal segment of your customer base. Every service agreement customer represents a future work. Every service agreement customer represents a future work.

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New Legal Guide and Resource For Your Construction Business

Construction Marketing

Bylaws and operating agreements. Business contracts and agreements. Financial matters (bank accounts, taxation, insurance, collections). Business licenses or permits. Marketing, advertising, and social media. Protecting data and intellectual property. Corporate record-keeping and compliance.

Legal 120
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Congress Reaches Deal on 5-Year Highway Bill

Construction Equipment

Lawmakers from both chambers of Congress will announce an agreement on a five-year transportation infrastructure bill, reports Politico. The bill also includes a provision to revive the Export-Import Bank .

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Architect's Consent to Assigment

Construction Lawyer

Today’s financial institutions are very concerned about potential defaults by their borrowers during the design and construction phases of projects for which the bank is providing financing. It is not unreasonable for the bank to be concerned. It is not unreasonable for the bank to be concerned.

Banking 45