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5 Things to Consider When Choosing a Contractor

Construction Marketing

When it comes time to find a professional for a building job, we all want to find a good contractor to get the job done to the highest standard, and at a price that won’t break the bank. When it comes to construction, delays can be expensive, so deadlines should be non-negotiable. Punctual Delivery.

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#122:  Construction Loan Disbursement Pitfalls

NH Construction Law

A common feature of residential construction loans is the requirement for periodic inspections of the progress of work, usually by an independent inspection company hired by the bank, before disbursements are made. New Hampshire Savings Bank , 131 N.H. ” And such a voluntary undertaking is exceedingly rare.

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Renters Are Falling Behind on Payments in These 10 States

Pro Builder

Surging home costs have increased rental prices, accounting for a significant portion of inflation since late 2021, according to a report from the Federal Reserve Bank of Dallas. For the full list of states where renters are most behind on payments. .

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Construction Business Owner Blogs

Construction Business Owner

Bank lines of credit are lifelines for many contractors, yet convincing a bank to provide or renegotiate a line of credit is not easy. Building your case beforehand can certainly help and makes you look better in the eyes of the bank. Crunch the numbers – Banks like proactive business owners. Projected future earnings.

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Accounting for Retention Receivable & Payable: A Contractor’s Guide

Levelset

The rate of retention is stipulated in the construction contract and can often be negotiated. When the $90,000 is paid, it is posted with a debit to the bank or cash account and a credit to accounts receivable, clearing the account for that project. Debit Credit Bank or cash $90,000 Retention receivable $90,000.

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Should “Prevailing” Wages Be Tied to Union Rates?

Construction Dive

Too often, say critics, the “prevailing” wages are the same as those negotiated in collective bargaining agreements. Featured …“Prevailing” Wages Based Solely on Union Bargaining AgreementsContractor Payments to Sub Seized by Bank

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How Brexit Will Affect The Construction Industry – Infographics

Lets Build

As a member of the EU, the UK had access to the European Investment Bank (EIB) and the European Investment Fund (EIF). A negotiation and development of its own terms of trade would obviously be preferred as the latter creates the potential risk of retaliation from affected countries.