All posts by: Paola Caamano

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Understanding Construction Lien Waivers: A Critical Tool in the Construction Industry

In the construction industry, the smooth flow of finances is crucial for the timely and successful completion of projects. One essential tool that helps manage and secure payments between parties is the construction lien waiver. Understanding what lien waivers are, how they work, and their importance can help contractors, subcontractors, suppliers,  and property owners navigate […]

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The Significant Importance of Detailed Budgets for Construction Lenders

In the construction industry, a detailed construction budget is more than just a financial plan—it is a crucial document that guides the entire project from inception to completion. For construction lenders, a meticulously crafted budget is especially significant as it influences funding decisions, risk management, and the overall success of the project. Understanding the importance […]

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The Critical Role of Contingency in Construction Budgets

  Why you should always have a contingency budget for construction. Embarking on a construction project is an exciting endeavor, but ensuring its success requires careful planning and financial foresight. Today, we’ll delve into a crucial aspect that often makes the difference between a smooth project and unexpected challenges: contingency. Contingency is not just a […]

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Transparency Triumphs: Why Every Construction Draw Needs an Inspection

  Here are a few construction lending tips to help build trust. Today, we’re diving into crucial construction lending tips, focusing on a key aspect: inspections. Specifically, we’ll shed light on the significance of incorporating regular inspections, emphasizing their role in ensuring project success. Let’s explore why inspections are a game-changer in the construction lending […]