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Estimating- The New Normal

Chianelli Estimating

One error may be the difference in bankruptcy or staying afloat. The above outline mainly illustrates the effects it may have on Commercial Estimating departments for Commercial and Non Residential Contractors. Residential Contractors are also affected by the Covid-19 pandemic. Less opportunities. Legal expense.

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#130:  Secured Lenders' Rights to Construction Contract Payments

NH Construction Law

Worse, a lawsuit against the general contractor or subcontractor for breach of contract after abandonment of the project will almost certainly be futile; the default on its loan usually signals that it won’t be able to pay a judgment and is probably headed for bankruptcy. In the residential setting, this never happens.

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Construction Estimating

Chianelli Estimating

Many times those costs are not recovered, however; they could make the difference in keeping the Builder or Owner solvent or ending up with a failed project or worse yet bankruptcy. A good estimate requires time to develop which directly effects the Owner’s, Contractor’s, Architect’s and Engineer’s cost of doing business.

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Completed Operations: A Contractor’s Guide to Coverage, Cost, & More

Levelset

There are five primary reasons why contractors need completed operations coverage: Protects company assets Prevents bankruptcy or business failure in the event of costly damage Provides evidence of financial strength that may assist in closing deals Satisfies bank loan requirements Protects the public by covering damage or injury to third parties.

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Have we reached the point when the AEC industry starts redesigning fast-food menu items?

PSMJ Resources

The sector index is as follows: Multi-famliy residential (50.1), commercial/industrial (44.9), institutional (43.1), and mixed practice (40.3). The new projects inquiry score was 52.5, down more than seven points. Regionally, the ABI breaks down as follows: Midwest 48.0, Northeast 45.7, South 41.32, West 40.5.

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Be Ready to Lien in 2009 (But be Careful)

Help Everybody Everyday

As all of us in construction know, and as reported in the AGC Smart Brief , the beginning of 2009 and through 2010 will likely show an even greater downturn in the commercial and residential markets. These economic times will make mechanic’s liens, bonding and other proactive approaches to collection all the more important.

Lien 48
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Stop Bookkeeper Embezzlement In Your Construction Company

Contractor Bookkeeping

Being Ripped-Off And Driven Into Bankruptcy! For example I am a licensed Journeyman Plumber (PL01) in Washington State, and have owned and operated successful residential remodel companies, new construction residential and commercial plumbing companies as well as service, repair and drain cleaning plumbing companies.