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Author: Stephen
Mechanics Lien Remedy for Public-Private Partnerships
A public private partnership (P3) is a popular term used to describe the delivery of public improvements by transferring risk and reward from government to private parties. P3s are gaining increasing popularity in California to privately finance public improvements by cash-strapped governments at arguably lower delivery costs than traditional design-bid-build methods. Today, P3s are being […]
Real Estate Bust Hasn’t Dimmed Americans’ Faith in Real Estate
As reported by the Wall Street Journal Despite an extended slump in real-estate prices, most Americans still believe homes are the best investment, according to this a survey released today by the Pew Research Center. According to the results of a telephone survey conducted in March, Pew found eight-in-ten adults believed a home was the best […]
Signed Contracts Needed to Support Mechanics Lien in Massachusetts
Written for the Association of Corporate Counsel by Hugh J. Gorman, III of the law firm of Prince Lobel Glovsky & Tye LLP. The Massachusetts District Court Appellate Division recently upheld a municipal court trial judge’s order dissolving a mechanic’s lien because written proposals betweena contractor and a property owner were never signed. In the […]
Construction Indicators Show Economy Gaining Steam
Written by Associated Builders and Contractors. Despite the loss of 1,000 jobs in March, the nation’s construction industry unemployment rate edged down to 20 percent for the month, according to the April 1 employment report by the Labor Department. Year-over-year, construction employment is down by 36,000 jobs, or 0.6 percent. Today’s rate is lower from […]