ProcurementExpress.com

NOVEMBER 30, 2016

Do you know if any of your projects are at risk? A huge topic of discussion in the Construction Industry consistently, is the scope of financial risk on a construction project. Why do these financial risks take place. What can I do besides bankruptcy? How to reduce your projects risk. Improper planning.

Risk 52

Risk Construction Plans Structural Engineering 52

ProcurementExpress.com

NOVEMBER 30, 2016

Do you know if any of your projects are at risk? A huge topic of discussion in the Construction Industry consistently, is the scope of financial risk on a construction project. Why do these financial risks take place. What can I do besides bankruptcy? How to reduce your projects risk. Improper planning.

Risk 40

Risk Construction Plans Structural Engineering 40

Levelset

JULY 5, 2022

Credit bureaus can collect public information from state and county courts, including bankruptcies. EquiFax also provides three business scores: a payment index, a credit risk score, and a business failure score. How important each category is depends on the person and how long they’ve had a credit history.

Lien 96

Lien Legal Bankruptcy Claims 96

Pro Builder

OCTOBER 12, 2022

Just like your personal credit score, your business credit score indicates whether you’re a good risk for paying your debts or not. Like a personal credit report, your business credit report allows prospective lenders to assess your risk level as a borrower. Lessons Learned From Previous Housing Market Disruptions.

Debt 52

Debt Finance Risk Bankruptcy 52

NH Construction Law

OCTOBER 22, 2023

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.

Security 40

Security Contract Accounting Construction 40

Constructonomics

JULY 27, 2014

Basically, Revel Casino has 16 with the dealer showing a face card and after their second bankruptcy in less than 18 months, they need to take a hit. According to last month’s bankruptcy filing in Camden, NJ, their second in less than 18 months, the casino is bleeding $2 million a week, or $285,714 per day.

Bankruptcy 112

Bankruptcy New Jersey NJ Philadelphia 112

Construction Marketing

APRIL 25, 2016

Ensure the entire team knows the objectives, risk, and expectations of a project. Executives receive necessary information to manage projects and minimize risk. It is not unheard of for a construction firm to face bankruptcy and fail because of a lawsuit. How it hurts the business: Reduced efficiency. Lack of collaboration.

Documentation 120

Documentation Construction Software Software 120

Constructlaw

DECEMBER 7, 2020

Halprin: At the risk of stating the obvious, the pan­demic has had a tremendous impact on filings. The economic hardships that have resulted have exposed many businesses to financial strain and led to an increased number of high-profile insolvencies and bankruptcies.

Claims 40

Claims Insurance Bankruptcy Legal 40

Pro Builder

MAY 27, 2022

COVID-19 Layoffs Heighten Risk. Hwang suggests employers take steps to minimize the risk their well-meaning inaction among laid-off employees may have by rationalizing their inactions, such as: . A decline in business from certain clients, or their bankruptcy.

Employment 98

Employment Agreement New York City Resource 98

Levelset

SEPTEMBER 16, 2022

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.

Insurance 52

Insurance Liability Claims Contractors 52

Chianelli Estimating

AUGUST 6, 2020

One error may be the difference in bankruptcy or staying afloat. Until Contractors receive any new OSHA Regulations or Insurance Companies analyze risk, the effects to their Estimating Departments approach will be challenged to allow for the potential of increased costs: both Direct & Indirect. Less opportunities. Office personnel.

Estimating 60

Estimating Residential Insurance Commercial 60

Construction Test

MAY 19, 2020

Many carriers face bankruptcy or nationalisation if the industry can’t get back to normal before a vaccine arrives, Holland-Kaye said, adding that the airport’s shareholders are burning through 200 million pounds a month ($250 million) at present.

Travel 26

Travel Airports Union Bankruptcy 26

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. A recent case of this is the bankruptcy of the 105-year-old company Truland Group Inc.

Insurance 40

Insurance Bankruptcy Contract Claims 40

NH Construction Law

MAY 28, 2018

The main advantage of such “trust fund” provisions is in bankruptcy; trust funds are not considered assets of the subcontractor/debtor that can be distributed to general creditors. But hey, who ever said that general contracting was risk-free? I generally do not recommend this except as a last resort.

Subcontracting 40

Subcontracting New Hampshire Lien Insurance 40

Contractor Bookkeeping

NOVEMBER 3, 2012

A lot of contractors are told to email QuickBooks contractor data files to their tax preparer, bookkeeper or any number of places and continually put themselves at tremendous risk of identity theft or worse. Any network carrier can see the contents of your email. Secure File Transfer System Is The Answer.

Contractors 49

Contractors Security Accounting Software 49

Construction Test

MAY 15, 2020

The Commission also said airlines will need to limit risks of infection, which could be achieved using hospital-grade air filtering, personal protective equipment and limiting movements. . “The starting point here is that European consumers have a right to a cash refund, if that is what they want.

Travel 26

Travel Plans Commissioning Transportation 26

Contractor Bookkeeping

AUGUST 6, 2014

They work hard to find people and businesses and contractors that are good credit risks they can loan money too and get paid back in a timely fashion, with all of the interest due to them. The Risk Management Association (RMA). Finally a Z-Score is compiled which is a formula for predicting bankruptcy. Five Red Flags To Avoid.

Finance 48

Finance Accounting Construction Banking 48

Construction Marketing Ideas

MARCH 2, 2015

Then, as my new publishing business seemed to be failing and I was sinking into personal bankruptcy (with a property ‘under-water’ essentially I had negative net worth), I thought: “I’m responsible for myself, and I will have to solve these problems without blaming myself or anyone else.”. That’s life.

Bankruptcy 48

Bankruptcy DC Documentation News 48

Construction Marketing Ideas

MARCH 11, 2016

My nearly two decades as a lawyer have taught me that surety bonds are really only protection against one risk: Subcontractor bankruptcy. Too often, surety bonds are “fight first, pay much later, and only if you have to.”.

Legal 48

Legal Consulting Subcontracting Industrial 48

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. A recent case of this is the bankruptcy of the 105-year-old company Truland Group Inc.

Insurance 40

Insurance Bankruptcy Contract Contractors 40

Contractor Bookkeeping

MARCH 7, 2013

He needed help deciding to close his business, file bankruptcy and go to work for a competitor as a superintendent or turn his business around and make a go of it. Later that day he tried using his credit cards to buy gas and they were all declined. At that point he knew something was very, very wrong.

Cash Flow 49

Cash Flow Contractors Banking Accounting 49

Construction Lawyer

JULY 20, 2012

In other words, you use the stuff we post here at your own risk. The question became whether the general or the subcontractor would bear the risk of loss. Fidelity had issued a payment bond, but Fidelity refused to pay after the owner declared bankruptcy, and BMD sued Fidelity. Fidelity , 679 F.3d

Illinois 40

Illinois Subcontracting Liability AIA 40

Contractor Bookkeeping

JULY 27, 2012

Bad Numbers - Lead to bad decisions / cash shrinks / business unstable / bankruptcy or failure. Bankruptcy - Result of saving money on bookkeeping and making decisions on garbage reports. ROI - Risk of Incarceration; in most cases the business owner is responsible for unfiled taxes and missed payments, not the bad bookkeeper.

Contractors 63

Contractors Cash Flow Construction Accounting 63

Construction Test

MAY 13, 2020

. ‘This is, of course, a model… But estimates of lockdown victims are being shared among those in government who worry about the social damage now underway: the domestic violence, the depression, even suicides accompanying the mass bankruptcies.’ MAN IN SELF-ISOLATION DIES BY SUICIDE .

Estimating 26

Estimating Bankruptcy Modeling Risk 26

Construction Lawyer

APRIL 30, 2012

In other words, you use the stuff we post here at your own risk.   Chapeau filed bankruptcy. Although we believe the information is accurate, we do not warrant the accuracy of this information and we do not intend that you rely on this information. The laws of each state are different and each situation is unique.

New York 40

New York Lien Contractors Illinois 40

Pro Builder

AUGUST 3, 2021

Volumetric Building Companies (VBC) is in the final stages of a $25-million bankruptcy acquisition of Katerra’s former headquarters in Tracy, Calif. Tue, 08/03/2021 - 14:15. CEO Vaughan Buckley says VBC will reach out to some Katerra employees and customers. The southeast is an underserved and booming market for offsite modular construction.

Bankruptcy 98

Bankruptcy Mobility Philadelphia Phoenix 98

Buisness Facilities Contributed Content

FEBRUARY 28, 2013

This effort has taken on an added sense of urgency in the wake of this month’s announcement by the luxury resort Revel that it is filing for bankruptcy protection. It’s going to accelerate the progression of problems for people who are already at risk,” Donald Weinbaum, the council’s director, told The New York Times.

NJ 49

NJ New Jersey Legal Connecticut 49

Construction Lawyer

SEPTEMBER 22, 2005

In other words, you use the stuff we post here at your own risk. The Bankruptcy Court for the Northern District of Illinois recently ruled that a contractor who falsified waivers of lien engaged in fraudulent conduct and his debt to the bank was non-dischargeable. The laws of each state are different and each situation is unique.

Lien 40

Lien Illinois AIA Chicago 40

Green Building Law Update

JULY 19, 2015

promissory note in favor of the contractor, does not tell the rest of the story, nor does the fact Shaw Development later filed for Chapter 11 bankruptcy protection in response to a foreclosure action by the project’s lender. tax credit certificate. And now you know the rest of the story.

Green 120

Green Maryland Lien Certification 120

Green Building Law Update

JULY 19, 2015

promissory note in favor of the contractor, does not tell the rest of the story, nor does the fact Shaw Development later filed for Chapter 11 bankruptcy protection in response to a foreclosure action by the project’s lender. tax credit certificate. And now you know the rest of the story.

Green 120

Green Maryland Lien Certification 120

Autodesk Construction Cloud

OCTOBER 28, 2021

The modernized process that the industry is adopting is to use automated software like Pype AutoSpecs for initial submittal log drafting to save time, standardize processes, and mitigate risk. Want to learn more about how AutoSpecs’ automation can save you time, standardize your processes, and mitigate risk across your projects?

Project Management 52

Project Management Management Documentation Construction 52

Pro Builder

OCTOBER 3, 2020

Shortly after, I read another piece on bankruptcies in home building, and soon I was thinking of the more than 250 builders I’ve worked with over more than three decades and wondering: Does this “ Anna Karenina Principle ” about families also apply to home building? They understand that to neglect one is to risk the entire enterprise.

Profitability 96

Profitability Finance Schedule Products 96

Green Building Law Update

AUGUST 20, 2017

Suniva, a solar panel manufacturer, now in bankruptcy, initially submitted a petition to the ITC on April 26, 2017. And those jobs are at risk if tariffs are imposed. The petition seeks duties of 40 cents per watt on imported solar cells and also a floor price of 78 cents per watt on solar panels made by foreign manufacturers.

Injury 136

Injury Bankruptcy Industrial United States 136

Buisness Facilities Contributed Content

MARCH 21, 2014

CAPCO financing, an alternative to conventional bank financing, can accommodate a slightly higher risk profile and provide a more flexible structure for growing businesses. The second mortgage, long-term, fixed-rate financing allows banks to participate in business expansion by reducing risk exposure.

Income 75

Income Finance Zoning Equipment 75

Buisness Facilities Contributed Content

APRIL 15, 2014

CAPCO financing, an alternative to conventional bank financing, can accommodate a slightly higher risk profile and provide a more flexible structure for growing businesses. The optional investment tax credit is a calculated risk. There must be at least two other parties at risk. For more information, please visit this link.

Income 108

Income Finance Zoning Employment 108

Pro Builder

AUGUST 13, 2020

When have you stood up, perhaps risking pay, position, promotion, or even your job because you were willing to fight for what's right, to cause “good trouble”? When have you stood up, perhaps risking pay, position, promotion, or even your job because you were willing to fight for what's right, to cause “good trouble”? What will you do?

Fort Worth 98

Fort Worth Consulting US Michigan 98