Of the six pieces of California’s proposed “Homeowner Bill of Rights”, the first one passed the State legislature. The portion, known as the “anti-blight” bill, imposes a $1,000.00 fine per day on all property owners that fail to maintain foreclosed homes. This is something that has become an issue around the country as banks have […]
Month: May 2012
construction lien, mechanics lien, north carolina construction lien, North Carolina mechanics lien, north carolina mechanics lien law, title company, title insurance
Breaking News: North Carolina’s Poorly Drafted Lien Laws Spur Title Insurance to Refuse Coverage
A nonsensical system for mechanics lien filing currently exists in North Carolina: the State does not permit (absent certain circumstances) the filing of a mechanics lien by anyone without a direct contract with the owner. However, the State does permit mechanics liens by subcontractors, suppliers, etc., but only requires that the construction lien be served, not […]
collective bargaining agreement, ERISA pension liability, pension withdrawal, unions, withdrawal liability
Decision to Withdraw From a Collective Bargaining Agreement May Be Costly
Withdrawal Liability. Those two words can hit a contractor right where it hurts: in the pocket. If you are a construction company that contributes to a multiemployer pension fund, such as a union fund pursuant to a collective bargaining agreement (CBA), you may want to find out about unfunded liabilities in the pension fund before you decide not […]
To Lien or Not to Lien . . .
How do you determine when it is time to place a mechanic’s lien on a job on which you just can’t seem to collect the amount due? Do you have certain policies set? I constantly have customers ask me when they should begin the process. Several begin the lien process immediately following the end of a […]
federal buildings seattle, federal center south seattle, general services administration projects, recovery act project, USGSA
GSA to Withhold Contract Funds Until Green Building Performs As Promised
The Federal Center South project in Seattle, along with two other Federal buildings undergoing mechanical-system upgrades, are on a fast track. The Federal Center South project is a performance based, design-build model, which puts at risk 0.5% of the $66 million contract award. In other words, the design build team will not receive $330,000 until […]