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Odebrecht and Financier Settle on Project Bribes

ENR Construction

Brazil contractor, in bankruptcy, will donate $50M to poor communities but faces limited bid debarment in Inter-American Development Bank pact.

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How High Profit Jobs Send Contractors Into Bankruptcy

Contractor Bookkeeping

A lot of problems can be traced back to the "Halo Effect" which happens when a contractor thinks "We are so good at (fill in the blank) we should expand into (fill in the blank). The same goes with managing sub-contractors and suppliers. Residential Remodel Contractor Building A Home. Every problem has one answer "Brute Force".

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Odebrecht and Financier Settle on Project Bribes

ENR Construction

Brazil contractor, in bankruptcy, will donate $50M to poor communities but faces limited bif debarment in Inter-American Development Bank pact.

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Does a Lien Affect Your Credit Score?

Levelset

Contractors and other businesses in the construction industry can file a mechanics lien if they aren’t paid for their work – even if they weren’t hired directly by the property owner. In contrast, a mortgage is a voluntary lien , because you sign papers giving the bank a lien on your property until you pay off the balance and interest.

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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. Payment should be in the full amount currently owed to the contractor, regardless of how much is still owed on the contractor’s loan.

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How to Stop Further Deterioration of Distressed Commercial Assets

HardHatChat

Whether you’re a bank with distressed commercial real estate assets on your balance sheet, or you’re a real estate investor/developer who purchased a foreclosed commercial property, creating a viable workout plan can be an uphill battle. I’m not going to sugar coat it. Provide cost estimates to complete the construction project .

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Contractor Cash Flow Problems Caused By A Bookkeeping Troll

Contractor Bookkeeping

After interviewing this contractor and his bookkeeper and conducting a thorough review of his QuickBooks for Contractor file and the QuickBooks Setup I believe this contractor had a bookkeeping troll. He would look at the bank balance in QuickBooks and since it always showed over $100,000 he thought life was grand!