Construction contractors necessarily rely on the creditworthiness of project owners. Construction requires considerable capital. A contractor needs to know the owner will be able to make progress payments. On private projects, much of the construction capital is borrowed. This raises a question: Does a construction lender have an obligation to keep a contractor informed of the project owner’s financial condition?
“LEED 2012,” the next update to the U.S. Green Building Council’s (USGBC) Leadership in Energy and Environmental Design (LEED) green building program, will include revisions to the Materials & Resources (MR) credit category. The organization, which closed the second public comment period for the update Sept. 14, hopes to launch LEED 2012 in early November of next year, USGBC spokesperson Ashley Katz toldGreen Building Insider.
Several changes are on the way in the world of building information modeling (BIM), and professionals in the construction community need to prepare for them, Design Atlantic LTD President Finith Jernigan told attendees of a two-part webinar series that WPL Publishing hosted Sept. 14-15.