New Legislation Allows Condominium Developers to Use Earnest Money Deposits Towards Construction Costs

Denise Gillin News

By Stoel Rives LLP for JDSupra.com Washington recently enacted SB 5024 (the “Bill”), which allows developers to use earnest money deposits towards construction costs in certain circumstances. The Bill will become effective on July 25, 2021. Under the new law, if (1) a purchase agreement discloses that earnest money deposits may be used for construction costs, and (2) the developer …

Five Traits of the Safest Contractors

Denise Gillin News, Uncategorized

By Joe Bousquin for ConstructionDive.com Firms that follow these guidelines are six times safer than the industry average, according to the latest report from Associated Builders and Contractors. According to Greg Sizemore, ABC’s vice president of health, safety, environment and workforce development, the safest construction companies typically have: Robust substance abuse policy Intensive onboarding and new hire orientation programs Frequent and regular …

22 States to End Federal COVID-19 Unemployment Benefits

Denise Gillin News, Uncategorized

By Kim Slowey for ConstructionDive.com Montana Gov. Greg Gianforte will end the state’s participation in federal pandemic-related unemployment benefit programs by the end of June, making it one of the first states to fully opt out, according to a press release issued by the governor’s office. In addition, Gianforte has also proposed paying a $1,200 return-to-work bonus. Other states are also cutting …