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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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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. Legal expense. Less opportunities.

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

Levelset

It pays for repairs of damages to the surrounding property, as well as legal expenses incurred during a lawsuit. The policy covers damages to property, bodily injury expenses, and legal fees caused by faulty work or installation of a faulty product. It covers the damages caused by faulty work, product failure, or other causes.

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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.

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How to Start a Painting Business: 9 Keys to Growth & Success

Levelset

It’s an excellent time to consider starting a painting company, as both the residential and commercial sectors are experiencing a wave of new construction, and that means opportunities for painters. Establishing a business legally is a straightforward process, and creating a plan for growth is exciting. Get clear on your customers.

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How to Start a Roofing Business: 9 Tips to Grow & Thrive

Levelset

It’s an excellent time to consider starting a roofing company, as both the residential and commercial sectors are experiencing a wave of new construction, and that means opportunities for the roofing industry, which is expected to grow revenues by around 1% annually for the next five years. . Get clear on your customers.

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How to Start a Plumbing Business: 9 Tips for Growth

Levelset

It’s an excellent time to consider starting a plumbing company, as both the residential and commercial sectors are experiencing a wave of new construction, and that means opportunities for plumbing companies, which are expected to grow revenues by more than 1% annually for the next five years. Get clear on your customers.