Green Building Law Update
JULY 5, 2020
There has been much speculation and supposition about the interplay of force majeure provisions in leases and other contracts in response to government orders closing businesses during the coronavirus disease 2019 (COVID-19) pandemic, but now there is an authoritative court decision that may provide persuasive authority.
NH Construction Law
OCTOBER 22, 2023
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. Reading Cooperative Bank v. Otherwise all construction contracts would have such a clause, thwarting the lender’s statutory rights.
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Contractor Bookkeeping
NOVEMBER 3, 2012
Homeowners want to believe everything is included in the original contract price including the little extras they think of along the way. The remodel contractor uses a form of "Cost Plus" or "Not To Exceed" to provide the homeowner with scope of work and a contract price the bank needs in order to finance the construction.
Construction Lawyer
MAY 13, 2013
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.
Pro Builder
OCTOBER 12, 2022
Your business credit report also provides necessary information about your company, such as your business background, ownership and subsidiaries, financial information, any bankruptcies, risk scores, and banking, trade, and collection history. Lessons Learned From Previous Housing Market Disruptions.
Levelset
SEPTEMBER 16, 2022
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). Coverage limits.
Contractor Bookkeeping
AUGUST 6, 2014
You Want Money; Banks Want To Lend Money, What''s The Problem? Multiply That By 100,000 And You Will Begin To Understand Why Banks Seem So Tight Fisted About Loaning Money. Banks stay in business is by loaning money and earning interest. Finally a Z-Score is compiled which is a formula for predicting bankruptcy.
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