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Ilke Homes falls into administration

Construction Enquirer

Ilke’s management and backers had spent the last few weeks trying to find a buyer or investor to protect its workforce and deliver on the businesses claimed 4,200-home pipeline. US-based investor Fortress led the equity investment fundraise, with existing shareholders TDR Capital and Sun Capital also subscribed.

Equity 102
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Contractors May Benefit by Taking Equity in the Project They are Constructing

Construction and Infrastructure Law

Contractors may benefit in making a small equity investment in the projects they construct. In the past, it was not unusual for construction companies to make small equity investments in the projects they worked on. For example, a construction company building a power plant would take a 5% equity interest in the project.

Equity 40
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Key Financial & Safety Metrics for Subcontractor Qualification 

Autodesk Construction Cloud

Debt-to-Equity . Debt-to-Equity measures how much suppliers, lenders, creditors and obligors have committed to the company versus what the shareholders have committed. Formula: Total Liabilities / Total Shareholders’ Equity . Debt (Less Cash) to Equity . Formula: Total Liabilities / Total Assets .

Safety 94
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#119:  Quantum Meruit vs Unjust Enricment

NH Construction Law

Two of the most popular legal theories beyond breach of contract claims are “unjust enrichment” and “quantum meruit.” It is common in construction litigation for contractors suing owners to assert a right to recover damages for more than just a breach of contract. ” Eastern Electric Corp. 2018 WL 3237974 (N.H.

Equity 40
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Prefab Company Secures $30 Million, Announces Expansions

Pro Builder

At the same time, the company announced it secured $30 million in its Series B equity round. Plant Prefab claims to build homes 20% to 50% faster than traditional methods. California-based off-site home builder Plant Prefab announced a new factory opening in Ontario, Calif.

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Landmark Contractor Licensing Case Limits Disgorgement Remedy in California

Construction and Infrastructure Law

The basis for the second holding is that the discovery rule of accrual is based in equity, whereas a disgorgement claim is not intended to compensate claimant for any injury, but to punish the unlicensed contractor, and therefore is not subject to equitable considerations.

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DuPont Resolves PFAS Claims with Delaware

Green Building Law Update

Under the settlement agreement, the DuPont agreed to pay $50 million for environmental restoration, improvement, sampling and analysis, community environmental justice and equity grants, and other natural resource needs. Maybe we should let this play out before attempting to enact new federal laws.

Delaware 156