"The Payment Process on a Construction Project" by Charles B. Jimerson, Esq |
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Florida Board Certified Construction Law Expert Charles Jimerson lectures on the typical payment process associated with a construction project. The first part of the lecture focuses on the documents required in order to effectuate payment, the timing of payment and challenges faced with subcontractor cash flow. The second part of the lecture focuses on the conditions precedent to payment such as pay applications, payment certifications and payment affidavits. Releases, project closeout requirements and payment related contractual clauses are discussed. Lastly, the impact of retainage on the construction process is analyzed.
Every partner at Jimerson & Cobb is a Florida Board Certified Construction Lawyer. When it comes to construction litigation, Jimerson & Cobb has represented local, regional, and national companies throughout the industry, including owners, residential and commercial real estate developers, construction general contractors, special trade contractors and subcontractors, design professionals, architects, engineers and materials suppliers. We have litigated construction claims in state and federal courts and in a variety of arbitration forums. The following is an overview of what services Jimerson & Cobb’s construction law team regularly provides: Construction litigation (lien foreclosure and priority, prompt payment law, change order disputes, retainage disputes, surety claims, delay claims, defect claims) Administrative representation in licensure and permitting matters Construction contract drafting and review Interruptions and cessation of work Change order negotiation, including scope disputes Property damage claims Warranty and punch list administration representation Collections and issues pertaining to payment outside of lien/bond law Creditors’ rights in bankruptcy Defective construction and design claims Time-related damage claims including delay, acceleration, and lost productivity Differing site condition issues Environmental disputes Construction lien noticing, recording and lien waivers/releases Private construction project bond claims Public construction project bond claims Minority business certification and denial appeal Construction insurance coverage disputes Jimerson & Cobb attorneys are able to assist with all phases of a construction project, from design and planning, to contract negotiation, preparation, bidding and review, construction, E&O defense, insurance coverage counseling and claims, project close out, surety/bond issues, litigation, and dispute avoidance and resolution. Our litigation focus keeps in mind overall business goals in the construction process and have your company’s risk minimized in the event a dispute arises. Jimerson & Cobb has the experience and knowledge necessary to help clients identify and avoid potential problems so that their construction projects proceed smoothly. For more information about our practice, or to discuss your legal concerns with a lawyer who understands construction law, contact our offices today. See more at: http://www.jimersoncobb.com/what-we-do/construction-law/#sthash.dohfnLQ2.dpuf |