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2. Builder's risk insurance - Wikipedia

   en.wikipedia.org/wiki/Builder's_risk_insurance

   Buildings are subject to many different risks while under construction. They may catch fire, be damaged by high winds, or fall victim to other force majeure.A principle of common law is that any new construction or other improvement to land becomes property of the owner of the land – the title holder – once there has been an "improvement" to the owner's site.

3. Owner-controlled insurance program - Wikipedia

   en.wikipedia.org/wiki/Owner-controlled_insurance...

   A large property owner that always has many construction projects in progress at any particular moment—like a real estate investment trust, an urban school district, or a state university system—may attempt to realize additional savings by obtaining a single OCIP to cover multiple projects. A Contractor Controlled Insurance Program (CCIP ...

4. Construction law - Wikipedia

   en.wikipedia.org/wiki/Construction_law

   Construction law builds upon general legal principles and methodologies and incorporates the regulatory framework (including security of payment, planning, environmental and building regulations); contract methodologies and selection (including traditional and alternative forms of contracting); subcontract issues; causes of action, and liability, arising in contract, negligence and on other ...

5. Avoiding Lender Liability to Contractors in Construction Loans

   www.aol.com/news/avoiding-lender-liability...

   In their Financing column, Jeffrey Steiner and Dino Fazlibegu caution commercial mortgage lenders that they need to be vigilant in their interactions with contractors when making constructions ...

6. Retainage - Wikipedia

   en.wikipedia.org/wiki/Retainage

   Retainage is a portion of the agreed upon contract price deliberately withheld until the work is complete to assure that contractor or subcontractor will satisfy its obligations and complete a construction project. [1] A retention is money withheld by one party in a contract to act as security against incomplete or defective works.

7. Construction contract - Wikipedia

   en.wikipedia.org/wiki/Construction_contract

   A cost plus contract states that a client agrees to reimburse a construction company for building expenses such as labor, materials, and other costs, plus additional payment usually stated as a percentage of the contract's full price. This type of construction contract is an alternative to lump sum agreements.