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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. Suffolk Construction Co. , Not unless he is prepared to pay twice! Reading Cooperative Bank v. 543, 553, 984 N.E.2d

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Former staff at collapsed groundworks firm win payout

Construction Enquirer

Twenty seven ex-staff at Ellicon Construction have won their legal battle after they were dismissed without proper consultation last summer when the firm went into administration. Latest accounts filed at Companies House for the year to May 31 2020 show Ellicon had a turnover of £10.6m

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Legal Documents Required for Purchase of Property

CivilJungle

Legal Documents Required for Purchase of Property. But we must avoid the problem and legal situation by checking the documents required for buying property. Every construction work begins with legal approval. The kata simulates the account , and documents are essential when conducting land from one to another.

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Credible Construction Estimate Core Elements

Job Order Contracting

A credible construction cost estimate is required prior to engaging in procurement. The follow elements are common to a credible construction cost estimate. Credible Cost Estimate Core Elements #1 Objectivity – The information used and those invovled in the creation of the construction cost estimate must be objective.

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Construction in Winter: Safety Tips to Know

Safety Services Company

As temperatures drop, the risks for contractors and construction workers multiply, from cold stress-related ailments to hazardous working conditions. Let’s explore key hazards and essential safety tips to navigate construction in the winter.

Safety 81
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What Causes Construction Project Delays?

Viewpoint Construction Technology

6 reasons your construction projects are not being completed on time and how to avoid them. It’s both frustrating and costly for contractors when a construction project is postponed. There are some reasons, like weather that are beyond your control, but most construction project delays can be avoided. Budget Inaccuracies.

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Construction Law: March 2024

Construction Law

Editor Nick Barrett says a Public Accounts Committee report on HS2 provides little cheer to anyone hoping that the UK could somehow successfully deliver infrastructure investment on the scale highlighted recently as essential by the National Infrastructure Commission. Speed might however introduce commercial and legal risks, they warn.