article thumbnail

Startling rise in construction firm recovery loan defaults

UK debt collections

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%).

article thumbnail

Five Key Construction Contract Terms That Every Building Owner Needs to Negotiate

Jimerson Firm

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.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

What Every Florida Community Association and Building Owner Needs to Know About Florida’s 10-Year Construction Defect Statute of Repose

Jimerson Firm

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.

article thumbnail

New Data says outstanding invoices reach shocking levels

UK debt collections

Sector 1-30 days late 31-60 days late 61-90 days late 90+ days late Office & Facilities Management 6% 3% 2% 66% Security, Compliance & Identity 9% 4% 0% 60% Finance, Insurance & Banking 16% 5% 4% 44% Back office, Operations & Productivity 16% 6% 4% 40% Cloud, Network & IT Infrastructure 16% 3% 4% 36% Human Resources 19% 6% 3% 33% (..)

article thumbnail

Jessica S. Mazariego Joins Jimerson Birr, Strengthening Firm’s Complex Commercial and Real Estate Litigation Practice

Jimerson Firm

Her litigation expertise spans a broad range of business and real estate matters, including construction claims, surety rights, bond claims, foreclosure disputes, and homeowners association conflicts. “We are excited to welcome Jessica to Jimerson Birr as we continue to expand our reach across Florida. .”

article thumbnail

Five Jimerson Birr Partners Named Florida Super Lawyers and Rising Stars in Business Litigation

Jimerson Firm

His distinction comes from his work in the practice areas of business litigation, construction litigation and banking. Birr was recognized for the 11th year for his work in the practice areas of business litigation and construction litigation, with eight as a Florida Super Lawyer after three as a Rising Star.

Lawyers 98
article thumbnail

184 Burr & Forman Attorneys Named Among the 2022 Best Lawyers in America

Burr Forman

Mobile, Construction Law. Troy Smith – Jacksonville, Construction Law. David Wanhatalo – Construction Law, Litigation – Construction. Benjamin “Ned” Nicholson V – Commercial Litigation, Construction Law, Litigation – Construction, Litigation – Intellectual Property. Ryan Corbett – Tampa, Litigation – Patent.

Lawyers 105