Jimerson Firm

FEBRUARY 8, 2024

In the world of construction, contracts form the foundation for successful projects, and most contractors understand the importance of negotiating their contract terms. One critical component of due diligence is analyzing your construction lien rights. A recent case illustrates the dangers of falling into this trap. Tucker , 365 So.3d

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Jimerson Firm

OCTOBER 17, 2023

Temporary Construction Easements (TCEs) are integral aspects of eminent domain construction projects throughout Florida. Understanding Temporary Construction Easements (TCEs) Before we dive into valuation, let’s revisit the basics: What is a TCE?: A Temporary Construction Easement (TCE) is a legal agreement.

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UK debt collections

JUNE 15, 2022

A startling rise in construction firms defaulting on covid loans could signal a wave of future business failures. The default rate in construction is 2.5% – more than twice the default rate of some other sectors, such as arts and entertainment (1.3%) and healthcare (0.8%).

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Jimerson Firm

FEBRUARY 11, 2022

A construction project to a screeching halt when a property owner files for bankruptcy, creating a serious risk of substantial losses for the contractor, as well as subcontractors and suppliers. The list of creditors receiving the Notice should include the general contractor of an incomplete construction project. See 11 U.S.C.

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Nerd Wallet

DECEMBER 9, 2021

Construction professionals face various risks, from on-the-job injuries and equipment theft to timeline delays and customer lawsuits. The best construction insurance companies offer customizable policies so you can get the right coverage based on. The article Best Construction Insurance Companies originally appeared on NerdWallet.

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Construction 71

Jimerson Firm

FEBRUARY 4, 2021

On Wednesday, March 3, 2021 from 12:00 PM-1:00 PM, three of our partners will present 15 Critical Construction Contract Provisions: How to Use Them to Protect the Project and Your Bottom Line. Construction project contracts have varied nuances and needs depending on the specific project and its scope of work to be performed.

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UK debt collections

JANUARY 27, 2023

Construction late payment is getting worse according to the latest data from Creditsafe. More than half of all business invoices sent to construction firms were paid late last year analysis has found. The proportion of late invoices “significantly increased” to 52.9 Meanwhile, the vast majority – 75.2

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Jimerson Firm

OCTOBER 19, 2023

Construction projects are complex endeavors that involve numerous variables, from planning and design to execution. Because of the numerous variables on a construction project that may affect productivity, this can be a difficult showing. What is a Disruption Claim? See Ace Constructors, Inc. United States , 70 Fed. 3d 1357 (Fed.

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Nerd Wallet

MAY 25, 2022

A commercial construction loan is a kind of business loan that helps your company cover the costs associated with building or renovating structures. You can use these construction business loans to purchase land, buy materials and pay workers. Rosalie Murphy writes for NerdWallet. Email: rmurphy@nerdwallet.com.

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Jimerson Firm

OCTOBER 21, 2021

When a property owner experiences construction defects in their property, one of the important considerations as to whether or not to pursue a construction defect lawsuit is what types of damages may be available to remedy the defects. Initially, it is important to understand what constitutes a construction defect.

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Jimerson Firm

OCTOBER 7, 2020

Teaming agreements in the construction world, also referred to as teaming arrangements, are agreements between two or more independent companies to combine their resources, abilities, and knowledge, for the purpose of obtaining and, if successful, performing a competitive bid construction contract. Types of Teaming Agreements.

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Jimerson Firm

JULY 15, 2021

On Wednesday, August 25, 2021 from 12:00 PM-1:00 PM, three of our partners will present Navigating the Post-Pandemic Era of Rapidly Escalating Construction Prices: A Panel Discussion on Trends, Tips and Best Practices. Ryan Maloney will lead this one-hour virtual panel for the construction industry. Wednesday, August 25, 2021.

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Jimerson Firm

SEPTEMBER 29, 2023

Featured in the September 2023 Issue Partner’s Perspective: Navigating the Skilled Construction Labor Shortage In an ever-evolving landscape of business challenges, few issues have gripped the construction industry as tightly as the shortage of skilled labor.

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UK debt collections

FEBRUARY 3, 2022

The construction industry is the latest sector to brace itself for a spike in Insolvencies. It is the combination of these difficult factors that is leading to so many construction companies going insolvent and being liquidated.”. The ever increasing cost of labour and materials is adding weight to rising numbers of insolvencies.

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Construction Trade 88

Jimerson Firm

APRIL 5, 2021

When a building owners hires a contractor to construct a building or other construction project, the contractor is often significantly more experienced when it comes to the ins and outs of the construction contract as well as the overall construction process. Construction Contract Scope of Work. Payment Terms.

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Nerd Wallet

APRIL 27, 2021

There’s a lot that goes into learning how to start a construction company, and not just on the financial side. The article How to Start a Construction Company originally appeared on NerdWallet. No matter how you. Brian O'Connor writes for NerdWallet. Email: wpguestuser+boconnor@nerdwallet.com. Brian O'Connor writes for NerdWallet.

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Construction 79

Jimerson Firm

OCTOBER 1, 2020

On September 18, 2020, Florida Governor Ron DeSantis signed House Bill 101, an act relating to public construction , into law. In most construction contracts, payments are made to contractors in installments as the project work progresses, usually on a monthly basis, with the payments generally referred to as progress payments.

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Jimerson Firm

JULY 28, 2021

Filing a construction bid protest must be done quickly, and it comes with its fair share of risks. This article provides an overview of the top ten things contractors should know about construction bid protests in Florida. Filing a construction bid protest in Florida may ultimately lead to an administrative hearing on the bid protest.

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Collections Law

DECEMBER 5, 2022

Construction is not one of those professions. Construction workers work hard, and their results are easily quantifiable. There are times when even though the work is clearly complete, construction workers or subcontractors struggle to get payment for their work. There are some professions where work is hard to quantify.

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Mechanic’s Liens Construction Government Collections 52

Jimerson Firm

APRIL 27, 2023

In Florida, lawsuits involving construction and design defects are governed by a specific statute of limitations and repose period. The statute of limitation on a lawsuit founded on the design, planning, or construction of an improvement to real property is still four years. 3(c), Florida Statutes. 2-4 above.

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Construction Government 52

Jimerson Firm

JULY 12, 2023

Florida construction lien and bond law is an ever-evolving statutory creature. Chapter 713 (pertaining to construction liens) and Chapter 255 (pertaining to public project bonds) of the Florida Statues should be reviewed regularly. Statutes & Constitution :View Statutes : Online Sunshine (state.fl.us) 713.01

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Construction 52

Burr Forman

OCTOBER 7, 2021

Pandemic Keeps Creating Challenges for Construction Industry (Source: Construction Executive, 2021-09-21). Climate Change Expected to Challenge Construction Industry (Source: Insurance Journal, 2021-10-01). Burr & Forman Construction and Real Estate E-Note is a monthly e-mail service provided by Burr & Forman LLP.

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Construction Acquisition Healthcare 72

Jimerson Firm

SEPTEMBER 18, 2020

Construction Delay Claims: Best Practices for Subcontractors aired on Thursday, September 10, 2020. This Managing Problem Projects webinar was geared towards Subcontractors and was presented by three of our partners from the construction industry team. We were also joined by scheduling expert Mike Ryan, P.E.,

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Construction Law Firms Education 52

Jimerson Firm

JULY 1, 2021

On July 1, 2021, Florida Senate Bill 378 takes effect and amends a number of Florida Statutes governing prompt payment on various types of Florida construction projects. These changes apply to any construction contracts executed on or after July 1, 2021. See Section 218.735, Florida Statutes ; See also Section 255.073 Florida Statutes.

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Jimerson Firm

JANUARY 7, 2021

On July 1, 2020, the Occupational Freedom and Opportunity Act (the “Act”) became law, which eliminated some barriers for construction contractors to become licensed in Florida. Background of Construction Contractor Licensing Requirements. 61G4-16, F.A.C. License by Examination. 489.113, Fla.

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Construction Student loans Student Loans Law Firms 98

Jimerson Firm

JANUARY 23, 2023

Material suppliers in the construction industry will often need to extend credit to their contractor and subcontractor customers due to the payment cycle on construction projects that can often run 30 days, 60 days or even longer. Termination The credit agreement should address the term of the agreement, and how it can be terminated.

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Jimerson Firm

JANUARY 4, 2022

The post Recent Changes to Local Construction Contractor’s Licensing appeared first on Jimerson Birr. Importantly, unless a license is required for work under Chapter 489 of the Florida Statutes, a local government is prohibited from requiring a license for that work.

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Jimerson Firm

FEBRUARY 18, 2021

Florida’s Construction Lien Law found in Chapter 713, Florida Statutes, may seem like an area of the law that is only relevant to contractors and property owners. However, there are important aspects of the Construction Lien Law that can directly affect the rights and obligations of lenders in numerous ways. Specifically, under Fla.

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Construction Lender Loans Banks 98

Jimerson Firm

MARCH 8, 2021

On Wednesday, March 3, 2021, three of our partners and members of our Construction Industry team presented 15 Critical Construction Contract Provisions: How to Use Them to Protect the Project and Your Bottom Line. Some can be satisfied in concise, short proposals while others require more detailed sections. Calhoun , and C.

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UK debt collections

OCTOBER 27, 2022

A rogue construction firm has been shut down due to an elaborate and deliberate business credit scam. The company operated two businesses, NB Construction and NB Wholesale. Between February and April 2021, it ordered various construction goods on business credit under each name following approaches to suppliers.

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Nerd Wallet

JUNE 1, 2022

Construction equipment — like bulldozers, excavators, forklifts and cranes — is a huge investment for small businesses, and purchasing it outright oftentimes isn’t an option. The article Ways to Finance Construction Equipment: Lenders and How to Qualify originally appeared on NerdWallet. Banks, the U.S.

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Construction Lender Loans Banks 67

Jimerson Firm

AUGUST 9, 2021

This statute, known as Florida’s construction statute of repose, imposes a strict 10-year deadline on any legal claims founded on the design, planning, or construction of an improvement to real property in Florida, with any claims not brought within the deadline completely barred. 3)(c), Florida Statutes.

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Nerd Wallet

SEPTEMBER 15, 2021

Commercial insurance isn’t just essential for construction businesses, it is often required — either by the state or client — for contractors and developers. The article How to Get Construction Business Insurance originally appeared on NerdWallet. Kelsey Sheehy writes for NerdWallet. Email: ksheehy@nerdwallet.com.

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Construction 57

Jimerson Firm

FEBRUARY 27, 2023

A differing site condition in the construction industry refers to a situation on a construction project where there is an unexpected or unknown physical condition at the construction site that differs materially from either the conditions as indicated in the contract documents, or from the conditions reasonably discoverable prior to contract.

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Construction 52

Nerd Wallet

MAY 13, 2021

How do you know which construction accounting software is the best fit for your business? This article will familiarize you with the top construction accounting software programs available – both desktop-based and cloud-based. The article Best Construction Accounting Software for 2021 originally appeared on NerdWallet.

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Jimerson Firm

JULY 10, 2020

Contractors cannot file mechanic’s liens on public construction projects, such as work on military bases, courthouses, or government owned buildings. 3131-3134 , fills in this gap by protecting certain levels of subcontractors and material suppliers from general contractors who fail to pay them on federal construction projects.

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Jimerson Firm

APRIL 1, 2021

On Wednesday, March 31, 2021 from 12:00 PM-1:00 PM, three of our partners presented Critical Construction Contract Provisions: What Subcontractors Should Know to Protect Their Bottom Line. The post Critical Construction Contract Provisions for Subcontractors appeared first on Jimerson Birr.

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