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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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

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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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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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 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

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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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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Nerd Wallet

FEBRUARY 23, 2023

The article Why a New-Construction Home May Cost Less Than You Expect originally appeared on NerdWallet. Holden Lewis writes for NerdWallet. Email: hlewis@nerdwallet.com. Twitter: @HoldenL.

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Construction 21

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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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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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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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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Jimerson Firm

JULY 13, 2023

On May 25, 2023, Florida Governor Ron DeSantis signed into law Senate Bill 346 (“SB 346”), which makes substantial changes to Florida construction law regarding prompt payment and retainage requirements on contracts between state and local governments and construction contractors on Florida construction projects for these governmental entities.

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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 86

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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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 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

APRIL 29, 2021

If a subcontractor is not getting paid on a construction project, there are some important things to consider, including whether the general contractor has grounds to withhold payment, whether the subcontractor can stop the work, and how a subcontractor can best ensure payment from the general contractor. Payment Bond. Authors: James O.

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Jimerson Firm

JUNE 1, 2021

One of the most important aspects of construction project success for subcontractors can be the subcontract agreement. Other subcontract provisions are also important, so having an attorney experienced in construction law evaluate the subcontract is recommended. Subcontract Scope of Work. Change Orders. 2d 963, 964-65 (Fla.

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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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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

JANUARY 20, 2021

Construction contracts may contain either a pay-if-paid provision or a pay-when-paid provision. Pace Construction Corp. The post Pay-if-Paid Provisions in Construction Subcontracts: They Are Not All Created Equal appeared first on Jimerson Birr. What is a Pay-if-Paid Provision? This was the situation in OBS Co.

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Jimerson Firm

OCTOBER 11, 2023

Eminent domain in Florida often takes center stage when government entities embark on construction projects of public importance. These projects can range from essential road widening initiatives and the construction of new sidewalks to the installation of underground and above-ground utilities and more.

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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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UK debt collections

JANUARY 30, 2024

Latest data analysis by Mazars has found that on average a dozen construction firms are going bust every day after 4,370 firms collapsed last year. This is an immensely difficult period for the construction sector. The consequences of these failures in the construction sector go beyond just delayed payments for subcontractors.

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Jimerson Firm

JANUARY 25, 2024

Shop drawings play a vital role in construction projects. Comprehensive construction contracts may define shop drawings to include diagrams, illustrations, schedules, and other data or information that are prepared or assembled by or for the contractor to illustrate some portion of a parties’ scope of work. United States v.

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American Profit Recovery

SEPTEMBER 8, 2022

So when I come to work, I put on whatever hat is necessary of me to have the most constructive conversations to satisfy the needs of our consumers and our clients. We make every best effort to understand our clients to make that recovery possible. This is why a hat I am always proud to wear, is that of a Collections Specialist.

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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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Jimerson Firm

APRIL 22, 2024

In the ever-evolving realm of construction contracts, navigating the contractual dispute resolution procedures can pose significant challenges for contractors. Does it align with the unique challenges and nuances faced by contractors in construction law and industry practices? This alignment is crucial for effective dispute resolution.

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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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Taurus Collect

APRIL 25, 2025

Case Study: Helping Contractors Resolve Late Payments in the Construction Industry Client Overview: Our client, a mid-sized contractor specializing in civil engineering projects, faced a frustrating situation. They had completed a substantial project for a well-known construction firm but had been waiting over 90 days for payment.

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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

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

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

UK debt collections

FEBRUARY 12, 2025

We have long advocated for a compassionate and constructive approach to early arrears communications and believe this would go some way to improved engagement with councils and government departments.

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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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