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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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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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

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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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

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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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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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

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 76

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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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

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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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 18

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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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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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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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

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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Construction Government 59

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

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

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

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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Construction Trade Collections 59

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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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

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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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

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

Jimerson Firm

OCTOBER 26, 2022

Of course, the last couple of years have caused a big change in that perspective as the construction industry has gone through the COVID-19 pandemic and related governmental lockdowns, supply chain disruptions, and skyrocketing material escalation costs.

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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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