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#122:  Construction Loan Disbursement Pitfalls

NH Construction Law

The idea is that the loan disbursements should pay only for properly completed work (or suitably stored materials on site), and the inspector better able than the homeowner/borrower to gauge this. All such contractual solutions depend on the leverage possessed by and the negotiation savvy of the parties to these arrangements.

Banking 40
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7 Contractor Tips for Dealing With Insurance Adjusters & Owners

Levelset

If a contractor doesn’t receive payment, they can’t go after the insurance company – but they do have the right to file a mechanics lien on the owner’s property. Avoid insurance negotiations. Contractors shouldn’t be claims negotiators,” Brown says. You can’t control the narrative, but you can be a liaison of sorts.

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We Reduce Construction Company Start Up Stress

Contractor Bookkeeping

The idea was you would do all the work they would get half the profits and you politely refused, or not? With labor Pools they take care of all of that and you pay a fixed cost per hour or whatever you negotiate with the service. Lien Waiver - Do not ever give a lien waiver in advance of the check clearing the bank.

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Starting Profitable Construction Company Unique Secrets Revealed

Contractor Bookkeeping

Three Steps To A Paradigm Shift: #1 Unfreeze - Being open to a new idea that is in agreement with your core values. #2 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. Are you open to a Paradigm Shift ?

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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
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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. High Impact Performance Incentive: A negotiated grant used to attract and grow major high impact facilities in Florida. For more information visit [link] or contact Bernice Whaley , Deputy Director.

Income 108
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Public Law 111-308 – Federal Buildings Personnel Training Act – FBPTA – CORE COMPETENCIES

Building Information Management

Demonstrate the ability to work with Facilities team to negotiate rates and discounts. o Work with contracting personnel to: • Obtain lien waivers/release of liens if required. • Issue final payment. • Create budget variance report. o Negotiate for services, resources, information and commitments.