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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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Job Order Contracting Operations Manual

Job Order Contracting

facilities inspection programs generate requirements for sustainment, restoration, modernization work and minor new construction. Contract Inspection Functions. FM is responsible for the contract inspection functions. Negotiation of Task Order. If necessary, the Owner and Contractor must also negotiate the NPP tasks to.

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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. Parties that may not be anywhere near qualified are asked to perform accurate inspections,” says Klark. Is restoration work covered by the policy? Know your role.

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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. . Parties that may not be anywhere near qualified are asked to perform accurate inspections,” says Klark. Is restoration work covered by the policy? Know your role.

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Preconstruction Meeting: A Quick Guide to Success   

Autodesk Construction Cloud

This is a chance for everyone to get to know key stakeholders, breaking down siloes between procurement and legal, scheduling and management, and so forth. The stark realities of complex coordination, inspection timelines, and closeout seem mercifully far away. And who wants to think about them anyway?

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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. Remember that every state treats AOBs differently, and conflicting laws can create additional risk.

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Job Order Contract Program Implementation

Job Order Contracting

Other authorities in the organization must participate in its development to ensure that all objectives and interests are met (examples: legal, quality assurance, small business, building users, planners). Technical, purchasing, and legal personnel attend the conference. Negotiations and Source Selection. Competitive Range.

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