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How a Construction-to-Permanent Loan Impacts Contractors & Lenders

Levelset

Without a contingency, unforeseen costs like material price increases may cause the project to go over budget, thereby blocking or delaying completion. . Incorporating a contingency reserve, like a construction allowance , into the loan is often used to reduce the impact of rising material costs. Failing to protect lien rights.

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PACE Bill Due in Baltimore City

Green Building Law Update

A public hearing is scheduled tomorrow on a Property Assessed Clean Energy (PACE) loan program ordinance in Baltimore City. Baltimore is proposing to allow the PACE financing of any equipment, device or material intended to improve energy efficiency, including in new construction (e.g., Commercial PACE programs are still very new.

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6 Ways the COVID-19 crisis will reshape the construction industry

Lets Build

Contractors tend to be averse to using digital technology for meetings and conferences, instead opting to take the long drive to meet clients or setting a schedule to talk to employees in person. For instance, companies that depend on bank checks and physical forms need to find other means to distribute payment.

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How to Get Paid on Georgia Public Projects

Levelset

When payment problems come up on a public project, contractors can’t just file a mechanics lien as a solution, as both the federal government and state governments prohibit private companies from gaining interest in public property. Lien waivers. Even suppliers to suppliers are likely covered. Making a claim against a payment bond.

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constructionattorneyblog: ILLINOIS APPELLATE COURT DEEMS.

Construction Lawyer

ILLINOIS APPELLATE COURT DEEMS MECHANICS LIEN COUNTERCLAIM UNTIMELY. The Illinois First District Appellate Court recently issued its opinion in the case of Bank of New York v. Jurado , which involved competing lien claims.    The plaintiff bank filed suit to foreclose on a mortgage. 

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Contractor's Secretary Does Everything Including Bookkeeping!

Contractor Bookkeeping

Sending the Notice to Owner of Intent To Lien to protect my financial interests. Enter purchases of material, supplies, equipment rental, tools and other items. Maintain a fixed asset list with depreciation schedule. Enter banking transactions including EFT, ACH, NSF, checks, debits and automatic payments. Go to the bank.

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Keep Construction Office & Operations Teams Happy with These ERP & Financial Integrations  

Autodesk Construction Cloud

It allows you to schedule the frequency of syncs and reduce the risk of data loss while streamlining workflows. Billd is offering all Autodesk Construction Cloud subscribers a $7,000 rebate on their first $100,000 of construction materials purchased using Billd’s materials financing.

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