Construction Enquirer
JUNE 27, 2023
An update on the administration filed at Companies House said the firm was sunk by a combination of rising materials costs, project delays and defect liability claims. It also detailed the level of debts with 208 unsecured creditors left holding unpaid invoices.
Autodesk Construction Cloud
FEBRUARY 25, 2022
Formula: (Cash and Cash Equivalents + Marketable Securities + Accounts Receivables) / Current Liabilities . Like the Quick Ratio, Current Ratio measures a company’s ability to pay off its short-term liabilities with its current assets. Formula: Current Assets / Liabilities . FINANCIAL RATIOS: DEBT . Debt Ratio .
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NH Construction Law
AUGUST 31, 2023
Subrogation – the right of an insurer, upon paying an injured party’s damages arising out of a negligence claim, to chase the negligent party for reimbursement – is a staple of the law. The contractor and therefore the contractor’s liability insurer will be off the hook. ” Chase v.
Green Building Law Update
JULY 24, 2016
Under this July 19, 2014 guidance in the event of a default on a residential property PACE loan, the liability is a property tax lien collected by the local government with the priority associated with other real property tax liens. The guidance describes it as, the property may only become subject to an enforceable claim (i.e.,
Autodesk Construction Cloud
NOVEMBER 15, 2021
The difference between secured and unsecured debts. Karalynn also brought up the tendency of the industry to pass liability down the chain when drawing up contracts. Karalynn also emphasizes the importance of negotiating who takes on certain risks and liabilities. You are owed a debt. Let’s meet in the middle.
Levelset
AUGUST 16, 2022
The surety is also likely to explore a contractor’s payment history on past projects — an inability to make on-time payments to subcontractors and suppliers can increase the risk of mechanics liens or bond claims. . Next, subtract the sum of your accounts payable, short-term debts owed, and over-billings.
Buisness Facilities Contributed Content
MARCH 9, 2016
The following applicants are eligible for grants/loans: A Small Business – a for-profit corporation, limited liability company, partnership, proprietorship or other legal business entity located within the Commonwealth of Pennsylvania and having 100 or fewer full-time employees worldwide at the time of submission of the application. .
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