VOLUME 3   ISSUE 43   OCTOBER 24, 2014

 

By Bruce Jervis

 

Mechanic’s liens usually provide contractors and subcontractors with their most effective form of payment security on private construction projects. But, contracts sometimes call for constructors to waive or limit their lien rights before they have even performed the work. Are these prospective lien waivers enforceable? Are they conscionable?

 

The mechanic’s lien statutes in some states prohibit prospective waivers. These prohibitions may result from lien rights enshrined in the state constitution. Not all states protect lien rights so zealously, however. And, sometimes only second-tier parties such as subcontractors and suppliers are protected. ... Read more.

 

Featured in this Week’s Construction Claims Advisor:

  • Prime Contractor Waived Lien Rights through Subordination
  • Principals Paid $1.13 Per Hour in Termination for Convenience

 

By Steve Rizer

 

Federal officials have wrapped up another enforcement action against a construction company over alleged violations of U.S. immigration law. Last week, the U.S. Department of Justice (DOJ) settled an immigration-related discrimination claim against Constructor Services Inc. (CSI), a business headquartered in metropolitan Atlanta. DOJ alleged that CSI engaged in discriminatory documentary practices during the employment eligibility verification process in violation of the Immigration and Nationality Act (INA). ... Read more.


 

By Steve Rizer

 

Engineering and construction (E&C) entities may need to change some of their revenue recognition practices as a result of new guidance that the Financial Accounting Standards Board (FASB) and International Accounting Standards Board have unveiled, according to an analysis that Ernst & Young LLP released last month. While many of the principles in the new standard are similar to the guidance that remains in effect for now, “entities should not assume that the pattern of revenue recognition for their arrangements will be unchanged. E&C entities will need to make many judgments that they may not be used to making.” ... Read more.


 

By Steve Rizer

 

Technology that rapidly 3D prints large-scale structures directly from architectural computer-aided-design models is expected to become commercially available in two to three years, a spokesperson for the research entity developing the Contour Crafting system told ConstructionPro Week. Contour Crafting recently netted the $20,000 grand prize in this year’s “Create the Future” design contest. ... Read more.


 

By Steve Rizer

 

Technology that rapidly 3D prints large-scale structures directly from architectural computer-aided-design models is expected to become commercially available in two to three years, a spokesperson for the research entity developing the Contour Crafting system told ConstructionPro Week. Contour Crafting recently netted the $20,000 grand prize in this year’s “Create the Future” design contest. ... Read more.


 

 

 

 

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