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#122:  Construction Loan Disbursement Pitfalls

NH Construction Law

A common feature of residential construction loans is the requirement for periodic inspections of the progress of work, usually by an independent inspection company hired by the bank, before disbursements are made. New Hampshire Savings Bank , 131 N.H. ” And such a voluntary undertaking is exceedingly rare.

Banking 40
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Assignment of Benefits for Contractors: Pros & Cons of Accepting an AOB

Levelset

An insurance carrier’s claims adjuster will inspect property damage and arrive at a dollar figure calculated to cover the cost of repairs. If the insurance company is dragging their feet, a restoration contractor can still likely file a mechanics lien on the property. AOBs and mechanics liens. Pro: Hiring a public adjuster.

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

Levelset

Knowing what to expect from insurers gives you some leverage as a contractor, and can help you protect your business against financial risk on restoration projects. But for many types of work, restoration contractors have the right to file a lien on their property if they fail to pay. Is restoration work covered by the policy?

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

Levelset

Knowing what to expect from insurers gives you some leverage as a contractor, and can help you protect your business against financial risk on restoration projects. . But for many types of work, restoration contractors have the right to file a lien on their property if they fail to pay. . Is restoration work covered by the policy?

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7 Steps to Successful Project Closeout

Autodesk Construction Cloud

The first step is to track every part of the project to streamline reviewing legal terms and change orders, for example. Risk assessment is the fifth step and requires you to identify potential risks or liabilities that could arise in the future. Review legal requirements and ensure that all terms have been met.

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architect arrested in connection with fireman's death

Construction Lawyer

His book, Legal Guide to AIA Documents, published by Aspen Publishing, is in its fifth edition. The information provided here is not intended to be a solicitation for legal services, nor does it constitute legal advice. In other words, you use the stuff we post here at your own risk. A Legally Inclined Weblog. >.

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Unlimited liability for designers and contractors

Construction Lawyer

His book, Legal Guide to AIA Documents, published by Aspen Publishing, is in its fifth edition. The information provided here is not intended to be a solicitation for legal services, nor does it constitute legal advice. In other words, you use the stuff we post here at your own risk. A Legally Inclined Weblog. >.