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#130:  Secured Lenders' Rights to Construction Contract Payments

NH Construction Law

It happens this way: A contractor or subcontractor borrows money from a lender, and as security for the loan it gives the lender an assignment of or lien on its receivables and contract rights. Otherwise all construction contracts would have such a clause, thwarting the lender’s statutory rights.

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An SBA Public Service Announcement: If You See Something, Say Something

Federal Construction Contracting Blog

Department of Veterans Affairs (the VA) contract, learned the hard way that a contractor simply cannot ignore a size protest, regardless of its actual merit. The contracting officer forwarded the protest to the cognizant SBA Area Office (Area Office). Sanford Federal, Inc., the selected awardee for a U.S.

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Subcontractor Insurance: 7 Policies Subs Should Consider for Their Business

Levelset

Medical expenses, property damage, and legal defense costs can grow quickly. Such an occurrence could threaten the existence of your contracting business. It helps your workers replace income if they are injured on the job. These damages would then have to be paid from the assets of your business. . Cyber insurance.

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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. . Surety bonds : Surety bonds pay out to an owner or GC if you are not able to perform your work per the terms of a construction contract. . Does a carpenter need insurance? Carpentry is a diverse occupation.

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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. Virtually every major defense contractor in the U.S.

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New Hampshire Incentives and Workforce Development Guide

Buisness Facilities Contributed Content

New Hampshire Government Contracting Assistance Center: A cooperative program of the New Hampshire Division of Economic Development and the U.S. A minimum of 60% of the jobs created must be filled by low and moderate income persons. No Broad-base Income Tax. TAX INCENTIVES. No Sales Tax. No Use Tax. No Inventory Tax.

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Virginia Incentives and Workforce Development Guide

Buisness Facilities Contributed Content

Defense Production Zones: Virginia authorizes its communities to establish local defense production zones to benefit businesses engaged in the design, development or production of materials, components or equipment required to meet the needs of national defense. TAX INCENTIVES. Worker Retraining Tax Credit.