![Ongoing Construction Project](https://res.cloudinary.com/debi2p5ek/image/upload/w_1140/v1/1769/67398-ongoing-construction-work-002ae110.jpg)
Can an LLC Get a Construction Loan?
One of the key questions many business owners and developers have is whether a Limited Liability Company (LLC) can secure a construction loan in California. The short answer is yes, but the process and requirements can be somewhat different compared to individual borrowers.
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When Construction Isn’t Completed by the Promised Date
In the world of construction, time is more than just money—it's the foundation for trust, credibility, and customer satisfaction. The completion of a project within the stipulated timeframe isn't just about meeting deadlines; it's about fulfilling promises and upholding reputations.
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Can I Sue for the Use of Substandard Materials?
On June 24th, 2021, Champlain Towers South, a 12-story beachfront condominium in Surfside, Florida, partially collapsed, causing 98 deaths and leaving 11 others injured. The use of substandard quality materials to execute construction projects is among the root causes of building collapse.
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Understanding Indemnification Clauses
Construction projects involve a variety of risks for everyone involved, including the owner or developer, contractors, and subcontractors. For this reason, construction contracts typically contain indemnification clauses to shift risks from one party to another.
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When the Contractor Is Way Over Budget
All across the country, construction projects continue to be on the rise and Florida is no different. In fact, in 2022, construction contributed $71 billion to the state’s GDP according to data put out by The Associated General Contractors of America, Inc. This is an essential industry, and one that both residential homeowners and private companies in Florida participate in.
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My Home Contractor Never Finished the Work
Construction projects are typically capital-intensive, requiring all parties involved to enter into contracts which help solidify the timeline and what to expect throughout the process. Unfortunately, many construction projects often experience delays due to various reasons, including budget inaccuracies, labor issues, poor weather, and low-quality project management.
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Understanding Alternative Dispute Resolution
Anyone who’s been involved in a legal dispute knows just how time-consuming and expensive it can be, with much of the costs stemming from legal and attorney fees. Thankfully, over the past few decades, the state of Florida has implemented new resources to help resolve these issues using something called Alternative Dispute Resolution (ADR), which utilizes mediators and arbitrators. In fact, the state now has 5,962 individuals certified as mediators, according to data put out by the Florida Courts.
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