This week’s Construction Financial Manager Review covers a wide variety of topics – some fun, some serious. Read on to learn more about protecting yourself and your business financially, as well as innovative trends in construction.
We hope you enjoy this week’s review and would love to get your feedback.
Happy weekend,
Scott Wolfe
zlien CEO
What We’re Reading
Key Articles from Across the Web This Week
Simplifying lien waivers
The mechanics lien is a powerful tool, but in everyday practice, the true value of a mechanics lien may be in waiving the right to claim one. Read on for how and why. Read the full article on Construction Business Owner.
The dotted line: Do lump sum contracts create a simple agreement or potential minefield?
Lump sum — or stipulated sum — construction contracts are one of the most common types of industry contracts. What problems arise and how can they be avoided? Read the full article on Construction Dive.
NYC residential construction boom surpasses pre-recession high
It’s a well known fact that New York City is undergoing another residential building boom, but the extent of that growth has now been brought to light in a new report, which shows that permits approved in 2015 were 67% higher than the previous boom in 2008. Read the full article on Curbed.
Housing in the age of sea level rise
Over the past three weeks, people off the coast of the Thames estuary may have caught a strange sight: a floating house being towed through the waters by a single tugboat. Intrigued? Read the full article on Fast Company.
Construction financing and mechanics’ liens in Connecticut
Ok, this article isn’t about real estate and home building trends. But these designs were too cool to leave out of this week’s review. Read the full article on The National Law Review.
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What We’re Writing About
Recent Articles by zlien Relevant to Construction Finance
Lien waivers: What to know when hiring a contractor
Best practices for minimizing the risk of double payment when hiring contractors. Read the full article.
Priority revisited: Can a mechanics lien relate back?
When determining the amount of security and protection afforded by a mechanics lien, the priority of that lien compared to other encumbrances on the property is of clear importance. Accordingly, lien priority is topic of much discussion on the blog, and an area in which clear information can be exceedingly helpful. Read the full article.
What is a Notice of Furnishing?
Notice of Furnishing is the term used for preliminary notice in four states: Michigan, Ohio, South Carolina, South Dakota. In these states, most parties who furnish labor and/or materials on construction projects are required to send notice of furnishing in order to secure lien rights. Read the full article.
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