How to Efficiently Handle a Sudden Departure in Your Construction Project

What if your construction company had a sudden crisis, such as a key manager leaving suddenly, a death or injury, or other sudden changes that negatively affected your project plans? Interim short term management services for construction projects have been utilized for decades for just these types of situations. Its major benefit is that you can have experienced construction managers brought in during these emergency situations, all within just days if necessary. The company can promptly hire the appropriate specialist that is needed for the specific problems that are being encountered. If you went the hiring route, it could take months to find the right person and your project could be stalled or suffer tremendously. And, according to Lyle Charles, new hires may...

Looking in to Low Down Payments for a Mortgage

When you think about down payments for a home loan you should consider that the lower your down payment is, the more it will cost you in the long run. Is it worth putting down a low down payment? Find out below. Putting down a low down payment costs you more because of the interest accrued throughout the years of the loan. Not only will you have to cover the principal of the loan but the actual interest as well. In the long run, you could be looking at spending tens of thousands purely based off of interest. Today’s interest rates are low which is appealing to many home buyers. Factor in insurance premiums for down payments less than 20% of the loan, and the whole excitement of hearing the words “low interest” goes down the drain. You have two different...

Ways to Avoid a Construction Claim

Construction claim preparation is a stressful and financially demanding task. Having to deal with the hassles of the whole ordeal is simply not worth it. Avoiding a construction claim in its entirety is possible. A majority of claims stem from the contractor losing money while on the job. Other problems can come from the lack of planning and execution of the project. Claims do not need to occur; with proper planning and a good philosophy, your project can be much easier in the long run. Proper Funding Can Lead to a Successful Venture One of the best ways to avoid the hassle of construction claims is to make sure that bidders of the project have the proper funds allocated to build it. Also, by implementing the philosophy that every party needs to be responsible for...