NH Construction Law
OCTOBER 22, 2023
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. Otherwise all construction contracts would have such a clause, thwarting the lender’s statutory rights. Suffolk Construction Co. ,
Construction Marketing Ideas
MARCH 11, 2016
This blog, created by a business that provides expert legal witnesses, needs to be written at the level that you would find value if you were a serious lawyer or litigant in a significant construction dispute. I’m not a lawyer, of course, and wouldn’t think of providing specific legal advice to anyone reading this blog.
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Levelset
SEPTEMBER 16, 2022
It pays for repairs of damages to the surrounding property, as well as legal expenses incurred during a lawsuit. The coverage kicks in when: The contract has been completed All of the work has been completed The work has been put to its intended use. It covers the damages caused by faulty work, product failure, or other causes.
Constructlaw
DECEMBER 7, 2020
Reynolds: The COVID-19 pandemic’s impact on the global economy has led to an increase in breach of contract claims, and a parallel rise in novel breach of contract defenses focused on excuses for non-performance. Mealey’s: What, if any, events had an impact on the global economy that have led to increased filings?
Autodesk Construction Cloud
FEBRUARY 1, 2024
Late payments and non-payments are, unfortunately, pivotal contributors to declining contractor productivity eventually, in some cases, leading to bankruptcy for many GCs and subcontractors. Industry research supports these sentiments. High compliance risk. Moreover, manual payment processes also increase compliance risk.
Constructonomics
MAY 2, 2014
I also know that the school district won’t dissolve all of a sudden or declare bankruptcy. And don’t think you’ll get legal fees in a settlement – it just won’t happen. In my case, the owner owed me 70% of the contract value, so paying a lawyer 30% would put me under water on the project.
Construction Law Monitor
APRIL 15, 2015
Due to this misinformation, many contractors either avoid projects requiring bonds, thus missing great work opportunities; or sometimes even operate without them, which jeopardizes their legal standing and puts their whole company at risk. The bond price is usually somewhere between 1% and 3% of the contract sum. Washington, D.C.’s
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