Escrow

Lack of Trust Between Owner and Contractor

Jane and Joe After signing a contract and a handshake, Joe the Contractor asks Jane the Homeowner to give him a check to buy materials and start. Jane feels uncomfortable about giving him a check, but doesn’t have a choice. … Read More

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Dan Ariely on Honesty and Accountability

Dan Ariely, Professor of Psychology and Behavioral Economics at Duke University, writes about honesty: “One percent of people will always be honest and never steal,” the locksmith said. “Another one percent will always be dishonest and always try to pick … Read More

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Quotes: Olga Tochilinskaya

Olga Tochilinskaya, Interior Designer, on importance of escrow “If client doesn’t want to put money in the escrow it is a sign for me to be cautious . And if I am in a position to choose, maybe I don’t … Read More

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Quotes: Michael Homeier

Michael Homeier, Attorney , on importance of secure payment and pain of construction “I’ve been working with developers on large projects for years . Unfortunately, there is, from time to time, a situation where money is not as secure as … Read More

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Quotes: Rosslyn Hummer

Rosslyn Hummer, Attorney , on lack of available remedies for collecting on invoices and importance of record “…there is no help for the small guy: there are many projects where budget doesn’t allow client to pay for legal help. Some of them have to … Read More

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Quotes: Wolf, Baldwin & Associates, P.C.

Wolf, Baldwin & Associates, P.C. , on problems non-payment creates and lack of remedies “Anyone who has ever done any amount of work as a construction contractor or subcontractor or represented them in collections cases has learned from hard experience … Read More

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Quotes: Joe Ferrante

Joseph Ferrante , Ferrante-Coberling Construction, on risk of not being paid in full “I’ve been in construction business since I was a kid. My father ran a contracting business and I’m running one now. No matter how careful we are … Read More

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The Worst Self-inflicted Disaster

… that can happen to your project is running out of funds midway through construction There is an old saying: The only thing worth less than a bare piece of land is land with an unfinished structure on it… (just … Read More

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Why You Should Pay your Architect

and other design professionals Dear Client, It is going to be a pleasure to help you remodel your 400 room hotel with a 36 million budget. In case you are not aware, the decision on how to spend your budget … Read More

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