Remove Documentation Remove Drawings Remove Lien Remove Negotiation
article thumbnail

#122:  Construction Loan Disbursement Pitfalls

NH Construction Law

Owner/borrowers like it as well; preventing the contractor from getting ahead of them in payments incentivizes proper contract performance, and a set of professional eyes to determine whether the contractor’s draw requests are justified is a welcome feature. Residential owners are usually on the short end here. Very round.

Banking 40
article thumbnail

Digital Builder Podcast Ep 22: How Specialty Contractors Can Navigate Contracts & Get Paid On Time

Autodesk Construction Cloud

In reality, it’s often a monster document packed full of legalese that can be difficult to understand. A contract should really be a tool to help everyone in the construction industry; it doesn’t have to be this monster document that you just hold your nose, sign, and hope for the best.” Let’s meet in the middle.

professionals

Sign Up for our Newsletter

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

article thumbnail

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

Levelset

Here are a few things to focus on when you sit down and read the entire policy document from beginning to end. “The insuring agreement is a critical part of a homeowners policy document,” says Anthony Dileo, Agency Owner at Pennsylvania-based Northeast Insurance and Financial Consultants. “It You are not a public adjuster.

article thumbnail

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

Levelset

Here are a few things to focus on when you sit down and read the entire policy document from beginning to end. “The insuring agreement is a critical part of a homeowners policy document,” says Anthony Dileo, Agency Owner at Pennsylvania-based Northeast Insurance and Financial Consultants. “It You are not a public adjuster.

article thumbnail

Starting Profitable Construction Company Unique Secrets Revealed

Contractor Bookkeeping

In ancient Greece, Socrates argued that education was about drawing out what was already within the student. "I Negotiate a fair deal that allows the bank to get something and you get something, a win-win and you will find more great deals coming your way in the future. Education is the foundation for shifting paradigm.

article thumbnail

Job Order Contracting – Best Practices Implementation

Building Information Management

Individual task orders generally include drawings, detailed unit prices, and reference specifications. A job order (JO) or task order (TO) is the contractual document issued by the purchasing/procurement or its designated representative to the Contractor. Job Orders / Task Orders. Subcontracts.

article thumbnail

STATE INCENTIVES GUIDE

Buisness Facilities Contributed Content

The private sector participant finances 50 percent of the project cost and takes a first lien on assets pledged as collateral. The SBA takes a second lien on assets and finances up to 40 percent of the project cost, up to $1 million in some cases. Borrowers inject 10 percent in the form of cash or equity in real estate.

Income 75