Remove Claims Remove Drawings Remove Inspections Remove Lien
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#122:  Construction Loan Disbursement Pitfalls

NH Construction Law

A common feature of residential construction loans is the requirement for periodic inspections of the progress of work, usually by an independent inspection company hired by the bank, before disbursements are made. Nor does a negligence claim against the inspector appear promising. New Hampshire Savings Bank , 131 N.H.

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A Contractor’s Guide to Homeowner’s Insurance: Is Your Project Covered?

Levelset

On projects like this, property owners typically count on an insurance claim to pay for the work – they may not have cash on hand to pay you out of pocket. This snapshot won’t provide you with the information needed to have a deeper understanding of how everything works if a customer suffers property damage and considers filing a claim.

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A Contractor’s Guide to Homeowner’s Insurance: Is Your Project Covered?

Levelset

On projects like this, property owners typically count on an insurance claim to pay for the work – they may not have cash on hand to pay you out of pocket. This snapshot won’t provide you with the information needed to have a deeper understanding of how everything works if a customer suffers property damage and considers filing a claim.

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How a Construction-to-Permanent Loan Impacts Contractors & Lenders

Levelset

The lender’s responsibility is to ensure: The construction loan is always in good standing The money that hasn’t been spent is still enough to finish the upgrades Draw disbursements are only released for work that has been completed. Learn more: The construction loan draw process explained. Failing to protect lien rights.

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7 Steps to Successful Project Closeout

Autodesk Construction Cloud

As the days pass and your project draws to a close, you’re ready to chalk this one up as a success and prepare for your next challenge. And that 10% loss doesn’t even factor in the costs associated with claims that can come from prolonged payment disputes. Review legal requirements and ensure that all terms have been met.

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Job Order Contracting – Best Practices Implementation

Building Information Management

Individual task orders generally include drawings, detailed unit prices, and reference specifications. The Owner reserves the right to inspect such off- site work at any. The Owner will perform the contract administration associated with the until work completion, including the final inspection and acceptance.

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STATE INCENTIVES GUIDE

Buisness Facilities Contributed Content

The program is capped at 10,000 new jobs being claimed each year by all participants; whereas a taxpayer is limited to a maximum of 400 new jobs per year. The credit provided to the investor totals 39 percent of the cost of the investment and is claimed over a seven-year period. time permanent jobs paying above average wages.

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