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What You Should Know Before Taking a Construction Loan

Construction Marketing

Before the lender can release any additional funds, reliable and experienced construction funds control experts such as Northwest Construction Control have to inspect the construction stages to determine if the amount spent marries with the progress made. If the appraisers approve, the lender makes more draw payments to the contractor.

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OSHA Announces 2021 Citation Penalty Increase

Construction Junkie

In addition to the year increase, OSHA also recently announced a new debt collection initiative to help them actually collect the penalties they assess. If the company is not on an affordable payment plan and fails to pay, OSHA will place the business on a priority list for further inspection.

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State of the Construction Industry: January Roundup

Viewpoint Construction Technology

With student loans for four-year colleges and universities rivalling mortgage debt in the United States, trade programs, apprenticeships and two-year colleges or construction courses are being touted as a way for younger and future professionals to carve out successful careers.

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5 Reasons to Move to Integrated Digital Delivery (IDD)

Autodesk Construction Cloud

Amid falling demand, spiralling debts and waning investor confidence, the arrival of a global pandemic almost brought the industry to its knees. Using digital QA/QC inspections makes information management so much more effective and helps avoid the kind of audit headaches prevalent in a paper-based business.

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How Do Construction Loans Work?

Work Gearz

Before the payment of each installment, to validate the expenses during that phase of construction and determine whether the project timeline is still on course, the lender works with an inspection service. When the work gets completed, the builder is paid the last draw, and the cost is transferred to the buyer at closing.

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#67:  Paying Your Subcontractor's Employees

NH Construction Law

But even on private projects written subcontracts can reserve the right to inspect subcontractor payroll records. The threat of that withholding may be enough to entice the sub to prioritize scarce dollars toward employee-related debts before feeding any other wolf at the door.

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What is Building Construction | Steps & Processes of Building Construction | Application of Building Construction | How to do Planning of Building Construction

CivilJungle

The application of BIM technology can record the precise information & sources of materials, & classify them with respect to the various varieties of materials, because of the basis for the later engineering inspection.

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