article thumbnail

Phases of Commercial Real Estate Development

Construction Marketing

This can be done through a purchase or lease agreement. You must secure financing for the project. This phase includes determining the project’s scope, selecting materials, and determining the necessary permits and approvals. This includes obtaining the necessary permits and approvals and overseeing the building process.

article thumbnail

What Contractors Need to Know About Surety Bonds

Construction Marketing

If the principal’s bond application is approved, the surety company will require the principal to sign an indemnity agreement before it will issue the bond. The indemnity agreement provides that the principal will hold the surety harmless if a claim is filed against the bond. Sign the indemnity agreement.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Security in Your Construction Software

Viewpoint Construction Technology

Always a priority of any IT platform, security and data privacy is just as important in the construction industry as they are in banking. Integrated security. Integration of these solutions is critical, along with a common security vision and model. Security and data privacy is critical to construction management software.

Security 157
article thumbnail

Opportunities Shine in Community Solar

Green Building Law Update

That is, most consumers of electricity are not, today, permitted to aggregate their purchase of photovoltaic generated electricity with others, except through their electric power utility. Today, most states have laws that preclude “community solar” projects.

Maryland 120
article thumbnail

Magnolia LNG Announces $2.2 Billion Export Facility In Louisiana

Buisness Facilities Contributed Content

The company expects to make a final investment decision to move forward with the project in late 2014, after it secures permits and completes financing. Magnolia LNG would distribute to domestic markets as well as countries that have free trade agreements with the U.S. venture by 2015.”.

article thumbnail

The Preconstruction Phase: Understanding the Process & Risks

Levelset

Deep dive – Scope of Work: 6 Things Every Construction Agreement Should Include. It entails the architect creating a full package of drawings for the building that code enforcement will use for permitting. Permit and inspections. The time for performing inspections and pulling necessary permits is the preconstruction phase.

Risk 52
article thumbnail

All About Site Preparation | What Is Site Preparation | Types of Site Preparation

CivilJungle

Soil testing charts many dissimilarity facts such as kind of foundation good for the site, agreement and linked guidance, rainfall chance, slope solidity, underground water level, soil power, soil categorized, and various details offered in the surveying reports. Advise your supervisor on how to operate the security system if necessary.

Site 52