In the development of real property, the availability of money to secure construction resources becomes an important factor for success. The construction loan plays a central role in providing funds to erect a building on real property, but a lender faces numerous exposures that might result in...

This study examines OSHA's ability to improve compliance with health and safety standards by means of enforcement at construction work sites. It examines the relation of enforcement activity on compliance in two segments of the industry: construction contractors in the U.S., consisting of 2060...

In 2005, the Nevada Legislature passed a property tax abatement and a sales tax reduction in an effort to spur developers to build green commercial structures in the state. However, the hastily written legislation in conjunction with little direction to state agencies and minimal financial...

Today, evolving technologies have enabled scientific breakthroughs in innovative wind turbine designs, including taller wind turbine towers and longer blades. These breakthroughs will enable utility-scale wind turbines to reach higher into the atmosphere, access stronger winds, and produce...

The green building market continues to grow, but so do the corresponding legal risks which are only now being explored by scholars and practitioners. Lurking in the shadows behind any green building risk management strategy is how consequential damages should be allocated among the project...

Purpose – The purpose of this paper is to establish a link between procurement process coordination (PPC) and firm performance. To allow for greater understanding in the field of supply chain management, the present study looked into the coordination between the construction firms and their...

Yankee Stadium may be scheduled for demolition at the end of the 2008 baseball season, but the storied ballpark will live on in the memories of all baseball fans. "The House That Ruth Built" examines the legal history of the Yankees in their four New York homes: Hilltop Park, the Polo Grounds,...

China did not adopt a modern Property Rights Law until 2007, which means that most modern real estate development occurred before there was a comprehensive property law to govern it. Moreover, business conventions in China frequently diverge from published laws, and the rules that professionals...

This paper presents a mathematical model to evaluate the risks of arbitration in contractual disputes to decide whether or not to raise an arbitration case for a claim. It adds the ingredient of a regret theory approach for taking that decision, if an amicable settlement amount is not agreed....

The present discussion paper provides an overview of key characteristics of turnkey model contracts for Major Industrial Plant Projects (MIPP). The overview includes four international model contracts used in the plant engineering industry: the FIDIC Silver Book, the Orgalime Turnkey Contract...