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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. Any subsequent square-up was between lender and borrower, and not the account debtor’s concern. Not unless he is prepared to pay twice!

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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. Khata Deed.

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6 Benefits of Contractor Management Services

Safety Services Company

Staying compliant, including meeting internal standards, is crucial for legal requirements and stakeholder trust. They maintain your contractor management accounts (e.g. Similarly, hiring clients will not prioritize companies with legal, security, and financial risks. Let’s dive into this option.

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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.

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Preventing Falls: How Contractors can Master Ladder Safety One Step at a Time

Safety Services Company

In 2020 alone, construction sites accounted for over 5,000 of these reports. To add, you face potential legal repercussions and a loss of productivity. To streamline the process and ensure all aspects are accounted for, have a checklist handy and your workers ready to sign off on it.

Safety 93
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Pension Funds Must Now Consider Environmental, Social and Governance Factors

Green Building Law Update

Labor Department released Interpretive Bulletin 2015-01 providing guidance on the investment duties of pension plans when considering investments, now requiring that they take into account environmental, social and governance factors. Given the huge impact that investments from U.S. The new guidance is no doubt positive.