Executive Summary: What are banking covenants? Banking covenants are conditions put upon a borrower by the bank. Although they can be general in nature, they often are quantitative. Some typical covenants are listed here. What sort of loan? In the construction...
Executive Summary: A Washington concrete contractor, Salinas Construction, Inc. (SCI), was awarded $404,000 of its requested $425,000 for a job at U.S. Army Joint Base Lewis-McChord only to see this decision reversed in district court. The problem was that SCI did...
Executive Summary: When in a changed condition situation, the best way to minimize loss or to survive, depending on the case, is not to spend less, it’s to not spend at all. Take advantage of situations where you can spend zero. We’re going down. We’ve all been in a...
Previous Episodes & Issue Archive (Check List) E248 - Your Last Choice: The Total Cost Claim Approach E247 - What Is Extended Performance? E246 - Mindset Differences – Major Leaguers V. Minor Leaguers E245 - An Offering Of A Contractor’s Standard Of Care...