Remove Estimating Remove Feasibility Remove Lien Remove Security
article thumbnail

The Utah Preconstruction Lien Process Explained

Levelset

Many Utah contractors are familiar with the construction lien process to secure payment for work or materials used in a building project. Utah actually gives them a similar payment tool, known as a preconstruction lien. However, the steps to claim one differ from the standard construction lien process. construction liens.

Lien 52
article thumbnail

Low Bids Benefit Building Owners

Chianelli Estimating

Their accounting department has established a project budget that can not be exceeded and, if adhered to, the project is feasible. Better yet, the committee believed the estimated cost from the accounting department would be met.The final design is complete and is now ready to go out to bid. .

Bidding 100
professionals

Sign Up for our Newsletter

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

article thumbnail

Job Order Contracting – Best Practices Implementation

Building Information Management

The Contractor provides a detailed line estimate as the TO proposal, submitted to the Owner for review and approval, itemizing tasks and quantities of labor, materials, and equipment to do the work. Competitive quotations shall be secured wherever feasible, and in all instances, when requested by the Owner.

article thumbnail

State by State Incentives Guide

Buisness Facilities Contributed Content

The Participating Lender sets all the terms and conditions of the loan (including premium levels, maturity dates, fixed or variable interest rates, secured or unsecured, amortization schedule, etc.) The Securities Industry and Financial Markets Association tracks the weekly average municipal interest rate from 2000 to current.

Income 108
article thumbnail

STATE INCENTIVES GUIDE

Buisness Facilities Contributed Content

FOREIGN TRADE ZONES (FTZs): Secured areas legally outside of U.S. The company’s obligation to repay the loan is secured by a direct-pay Letter of Credit from a bank rated ‘A’ or better. The private sector participant finances 50 percent of the project cost and takes a first lien on assets pledged as collateral.

Income 75