Small and large businesses alike have gotten close to the red line and almost winked out of existence because of a bad-faith deal or a bad bet in a risky market. Reorganization, sale or bankruptcy are all ways to get out of a situation in which a firm is responsible for its own problems.
Hurricanes are part of life in Florida. While there aren't any predicted for the near future, this is a perfect time to review some tips about what you need to look for in a contractor if your property sustains damage during a major storm. Contractors are extremely busy after a hurricane, so this is a time when unscrupulous individuals try to make a quick dollar by preying on desperate homeowners.
If you asked most developers, they'd likely tell you that the responsibility for ensuring that a property is built to appropriate standards and is safe belongs to the contractors they hire. Florida Statute (Fla. Stat.) 718.203 paints a different picture, however, of the responsibilities of developers. In describing warranty laws, the Florida Condominium Act describes how both the developer and contractor are equally accountable for any defects that may be discovered.
A new pedestrian bridge at Florida International University collapsed last year after an inspection by engineers who failed to note the risk of such an event and order it closed, according to a report prepared by the U.S. Occupational Safety and Health Administration (OSHA)
It's important that construction work is done properly because poor quality can affect the safety, longevity and the beauty of the building. If you are unhappy with the outcome of a construction project that you commissioned, you may be wondering what you can do to gain some form of compensation.
Hiring a contractor is a big undertaking. You have to be sure they understand the scope of the project and that they are able to do it suitably. You must also determine how the bid fits into your budget. There is also the matter of the timeline for the project. You can't allow a construction project to drone on and on forever. Once you have discussed the matter with the contractor you choose, a contract is signed and the project can move forward.
Building projects take a lot of time and money. It is imperative that these are taken care of correctly. Without proper permits and planning, these projects can turn into a nightmare. You also need to have a contractor who is reputable or the building might not be constructed in a safe or expected manner. We know that this isn't at all what you want.
Hurricane season starts on June 1. While many Florida residents will hope and pray that bad weather steers clear of them, it's inevitable that someone in the state will experience intense wind and rain that will cause damage to their property. It's important that you're armed with the knowledge to avoid being defrauded by deceptive home contractors that you may encounter.
The construction of a Delray Beach mixed-used development is facing a delay. One of the two developers who'd partnered together to oversee the $100 million Midtown Delray Beach project has sued the other. The plaintiff accuses his business partner of having attempted to sell the property to a prospective buyer without consent. The latter has also filed a lawsuit requesting to complete the purchase of the development.
When it comes to new home construction, many people assume that their property is in perfect condition inside and out. However, just because the home is new doesn't mean it's perfect.