http://www.ginnlaw.com/blog Real Estate and Construction Law Explained Fri, 28 Aug 2009 21:01:50 +0000 http://backend.userland.com/rss092 en David Ginn was quoted in an article on construction loans.  Here is the link: http://cbs5.com/consumer/construction.loan.crackdown.2.1145216.html Here is the video: http://cbs5.com/video/?id=54623@kpix.dayport.com http://www.ginnlaw.com/blog/2009/08/28/link-to-kpix-piece-on-construction-loans/ What is a Construction Loan?  A construction loan is money borrowed from a lender to construct a building.  It is different from a normal loan in a few ways. (1) The lender does not lend all of the money to you at once.  Instead, there is a construction fund ... http://www.ginnlaw.com/blog/2009/08/25/understanding-and-dealing-with-construction-loans/ It has been a very tough time for contractors over the past few months.  Private jobs have dwindled to virtually nothing.  Public works jobs are not being flooded with bidders, bringing the price bid down to absurd levels.  The lack of work combined with the highly competitive environment is a ... http://www.ginnlaw.com/blog/2009/06/17/construction-alert-contractor-defaults-on-the-horizon/ Part 19 of Our Series on Construction Project Management Skills XIX. Effective Project Close Out A. Determining Substantial Completion As the project winds down to a close, particular attention should be paid to establishing and documenting the date of substantial completion. The general rule to be applied is that substantial completion arises when ... http://www.ginnlaw.com/blog/2007/01/08/19-of-19-effective-project-close-out/ Part 18 of Our Series on Construction Project Management Skills  XVIII. Innovative Strategies for the Contractor in Default A. Arranging Joint Payment Agreements Toward the conclusion of the project, it is not uncommon for the Contractor to begin to incur financial issues. A substantial amount of retention is usually being held by the owner ... http://www.ginnlaw.com/blog/2007/01/04/18-of-20-innovative-strategies-for-the-contractor-in-default/