Considerations When Negotiating with Contractors For your Construction Project

As WBTV News has reported through their recent “Construction Corruption” series, there are 30,000 licensed contractors throughout the state of North Carolina. So far in 2019, 636 people have filed complaints to the state’s licensing board. Oftentimes home owners are losing tens of thousands of dollars and it’s on them to pay for any lawsuit…

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Construction Lending Essentials: Draw Inspections

You work for a bank institution and made a construction loan. The new project is now underway. If all goes well, the builder will send draw requests for labor and materials according to your draw schedule, make steady progress and complete the project on time and on budget. Although many lenders are excellent at managing…

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