Pro Builder
OCTOBER 10, 2022
A recent report from MyEListing.com, a commercial real estate website, found that roughly 15% of American households are behind on rent this fall, particularly in states like South Dakota and Alabama, where median rents are on the rise. . Soaring inflation and historically high housing costs are putting increased pressure on U.S.
Levelset
JUNE 6, 2022
The rate of retention is stipulated in the construction contract and can often be negotiated. Retention can be withheld on residential or commercial projects and on both public and private projects. Debit Credit Bank or cash $90,000 Retention receivable $90,000. Debit Credit Bank or cash $10,000 Retention receivable $10,000.
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Best Practices Construction Law
AUGUST 29, 2012
Here's the key: the DBE must be performing a "commercially useful function." " What is a commercially useful function? Joint bank accounts with prime and DBE contractor. In other words, a contractor can meet certain DBE participation goals on a project by contracting and using properly classified DBE firms.
Contractor Bookkeeping
OCTOBER 4, 2013
Follow This Step-By-Step Process: #1 Find A Commercial Banker You Can Work With. Go to your bank and ask to speak with the commercial banker. Every bank has one and they can be one of your most powerful allies and mentors. The really good news they are on the banks payroll. NEVER SURPRISE YOUR BANKER!
Levelset
JULY 25, 2022
Debt capital is funding that a construction business acquires by borrowing, typically from banks or other lending institutions. ” Large-scale construction companies, like those who build massive apartment buildings or commercial structures, are more likely to use equity capital to finance their projects. Debt capital.
Construction Law Monitor
APRIL 29, 2014
On a typical construction project, whether public or private, commercial or residential, there are typical players. Once a judgment is rendered against the party who is sued, then bank accounts, garnishments and property are all options for a quick collection. Why Did I Receive A Lawsuit?
Contractor Bookkeeping
JUNE 20, 2014
Go To Your Bank - And they offer you a line of credit. Bank Accounts - Set up two bank accounts in your company name. The second bank account is for your debit card you keep in your wallet and has no more than $500 or whatever you need for small purchases during the week. It is a must have to borrow money from a bank.
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