article thumbnail

Plaza Construction Negotiating Pay Settlement for Florida Ritz-Carlton Renovation

ENR Construction

in lien filing covered renovation work on hotel that opened in January. Payment request of $7.7M

article thumbnail

Assignment of Benefits for Contractors: Pros & Cons of Accepting an AOB

Levelset

It gives the assignee authority to file and negotiate a claim directly with the insurance company, without involvement from the property owner. The contractor, now the assignee, negotiates the claim directly with the insurance company. AOBs and mechanics liens. What is an assignment of benefits? Setting up an AOB.

professionals

Sign Up for our Newsletter

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

article thumbnail

Construction Contract's arbitration provision is separable, based on

Construction Lawyer

« Florida court holds that statute of limitations does not apply to certain arbitrations | Main. of the subcontract contained a "pay-if-paid" provision which violated New York lien law, and that therefore the entire Disputes article was unenforceable. ILLINOIS APPELLATE COURT DEEMS MECHANICS LIEN COUNTERCLAIM UNTIMELY.

article thumbnail

State by State Incentives Guide

Buisness Facilities Contributed Content

The terms are negotiated specific to each firm’s individual needs and situation with a maximum limit of 3% of Capital Expenditures. FLORIDA – updated for 2014. High Impact Performance Incentive: A negotiated grant used to attract and grow major high impact facilities in Florida. FINANCING . 75,000 (max.)

Income 108
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