article thumbnail

#130:  Secured Lenders' Rights to Construction Contract Payments

NH Construction Law

The Uniform Commercial Code, enacted in all fifty states, favors the lender here, but also provides that paying the lender discharges the account debtor’s payment obligation to the contractor or subcontractor (called the “assignor” in this context). Not unless he is prepared to pay twice!

article thumbnail

Industry Focus: Global Aerospace Production Soars To New Heights

Business Facilities

According to Deloitte’s 2014 Global Aerospace and Defense Outlook , the commercial aerospace sector is expected to experience significant growth this year, driven by continued record-setting production levels at assembly facilities and throughout the aerospace supplier network. The end of the Iraq war and the impending end of the U.S.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Carpenter’s Insurance: Who Needs It & Why

Levelset

If a third party gets injured on a job, liability coverage helps pay the cost of legal defense if you get sued for the accident. . Here’s a partial list: Commercial auto insurance : You may operate trucks or vans, and commercial auto coverage enters the mix if you get in an accident with another vehicle or damage a fence on a job.

article thumbnail

Maryland: Green Energy Institute Brings Innovation To Market

Business Facilities

James Clark School of Engineering and the Maryland Clean Energy Center (MCEC)—will be to develop and attract private investment and commercialize clean energy innovations and deployment solutions in Maryland. Harford County is a key workforce center in Maryland, drawing employees from more than 13 jurisdictions in three states.

article thumbnail

Insurance for Electricians: What It Covers & Why You May Need It

Levelset

Professional liability insurance (E&O) : If you draw and sell electrical plans or blueprints, professional liability ( errors and omissions ) insurance can help cover the fallout from faulty design advice. GL helps pay medical costs and defense costs if a lawsuit arises. Protecting your business operations.

article thumbnail

constructionattorneyblog: Posting Architectural Elevations on a.

Construction Lawyer

The cases with which he has been involved are varied and wide-ranging and include personal injury, breach of contract, criminal defense, commercial disputes, and consumer fraud. The plaintiff, Scholz Design had prepared technical drawings for three homes and registered the designs with the Copyright office in 1988 and 1989.

article thumbnail

An Invisible Revolution: How Leading Construction Firms Are Rethinking Construction as a Business

Autodesk Construction Cloud

More recently, they started using digital platforms, usually commercial ones offered by technology companies, which changed everything. Progressively, these firms learned from digital platforms as they changed their behaviors. We intend to draw lessons from these cases and present our research results. How to do it?