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What happens if the condo developer files for bankruptcy and hasn't finished the project?
Wiki User
∙ 10y ago
The consequences vary depending on who is involved.
If you are invested in such a project, best practices dictate that you work with an association, or at least real estate savvy attorney to help you recoup your investment.
AnswerThe lender will try to market the project to find another developer willing to complete the construction. Generally, if it is successful the bankruptcy court will allow the property to be sold.
Wiki User
∙ 10y ago
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An example to write an email to a project manager for informing him the status of the project?
You must be quite afraid of your Project Manager. You have to understand that in large companies Project Managers don't have as much authority as Managers. Now if you're a developer and you want to be formal, you can, but you don't have to. A normal email telling him what the status of each task is will be OK. S/he will compile the data.
Can you get a bank loan after bankruptcy?
It is very risky and difficult for one to get a bank loan after going bankrupt.But you can actually go for a loan considering what kind of business or project thefund is to be invested on. Besides before this loan can be granted to you, theyhave to be collaterals and security measures put in place outside the otherbusiness collaterals that led to your bankruptcy in order to prevent reoccurrence or loss.
Home loan lenders that will approve you after a chapter 13 bankruptcy?
Your question is too broad and would involve a research project. There is no existing list to fill your request. You will need to call or inquire at the various lenders' websites.
How does one calculate the monthly payments on a Construction and Permanent Mortgage during the Construction Phase?
Answer to Construction monthly paymentTo calculate the payments for construction, is the job for a Quantity Surveyor. He is appointed by the developer (who arranges the finance) to take control over the financial management of the construction process. This job involved paying for 3 elements:-Materials-Labour-Tools (owned or hired)The process of calculating the payments is simply explained as the following:An Architect prepares the plans and specifications for the project (which belongs to the developer) and the developer asks a QS to estimate a price for the overall cost of the construction by preparing a "Bill of Quantities" (i.e. a document of whatever is needed in order to carry out the construction), and then this Bill of Quantity is bidded by a few contractors and the winner will start the job...However, usually the QS is asked by the developer to manage the constrction phase by keeping an eye on the contractor: the QS will check the quality of the work to see if it is built in accordance to the plans and specifications. then he will sign a monthly payment release for the developer to pay the contractor.In case a Bank is financing a project, they will appoint their own trusted QS to manage such issues every month and so they can pay the contractor.The calculation is not done on site on monthly basis but it is fully done by senior QS prior to outset of the project and then a contractor agrees to carry out the job within the time and the budget specified.
What is platform financing?
Platform financing is a preferred equity stake. Typically, the financier takes 51% of the equity in exchange for providing all funds needed to turn the raw land into a finished project. These deals entail a healthy load of vig up front, but can be very useful for the right project.
What is the quality of the finished project?
what is quality of the finished project?
How much does the Tiberium Wars demo cost?
It won't be out. The developer for Tiberium have cancelled the project and Tiberium got cancelled. It won't be out. The developer for Tiberium have cancelled the project and Tiberium got cancelled.
When was the HGP considered a finished project?
The HGP was considered a finished project in the year 2003.
Why shall I hire this mobile app developer and not anyone else?
It depends on the specific requirements of your project and the skills and experience of the mobile app developer you are considering. Here are some factors to consider when making your decision: Technical Skills: Ensure that the developer has the technical skills necessary to build your app and is familiar with the latest technologies and platforms. Portfolio: Review the developer's portfolio to see the types of projects they have worked on and the quality of their work. Communication Skills: Good communication skills are essential for a successful collaboration. Ensure that the developer is responsive and able to clearly explain their ideas and progress. 4, Project Management: The developer should have strong project management skills and be able to complete projects within budget and on time. 5, Cost: Consider the cost of the project and the developer's rates to ensure that you are getting good value for your money. Availability: Ensure that the developer has the availability to start your project and complete it within your desired timeline. References: Ask for references from previous clients to get an idea of the developer's work ethics and client satisfaction. By considering these factors, you can find the right mobile app developer for your project and increase the chances of success.
Is Eddie Bauer going out of business?
I just finished a project for Eddie Bauer filming sponsored athletes in Argentina. The briefing I received was that they filed for bankruptcy the were purchased by a private equity firm. Currently they are re-structuring.
What is Developer's responsibilities in project?
Essentially to follow the project manager's instructions, to give accurate estimates (that the Project Manager will later pad), and to respect the project schedule.Developers that adhere to the above responsibilities have a high chance of becoming Project Managers.
Which one is better Dot Net Developer or Java Developer?
Since it relies on the particular project requirements and individual preferences, there is no definitive solution. Java and.NET are both stable, popular platforms with vibrant development communities. To make an informed choice, take into account variables including the project's scale, the infrastructure that already exists, and the team's level of experience.
What is the participial phrase in The project finished at last was a beautiful work of art?
finished at last A+
What is the best extensible project management software for desktop?
The best project management software that is easily extensible is Planner Developer by P2ware Ltd. (www.p2ware.com). Planner Developer: * is a PMO (Project Management Office) software version * allows for creating PM own templates * allows for adding new properties to already existing objects * allows for adding new formulas computed from existing values (e.g. calculation of specific values, new risk model, etc.) * also allows for creating perspectives, filters, etc. Planner Developer can be used by PMO in large organisations as well as individual project managers. Using Planner Developer one can easily tailor his/her project management templates to actual needs.
How do you stretch a scarf after knitting it?
The best way is to Block your items when you are finished. This will allow your project to take the finished shape you are looking for. Pin your project to a board to the shape you want and spray your project with a little water. You can also steam your project to help relax the fibers.
What is a standard finders fee for a construction project?
what should my finders fee/commission be for the introduction to and meeting arranged for a stone supplier to developer for a large project (85 to 500 units)
What the percentage of time to allocate for project management?
I'm not sure I understand your question correctly, usually a 100% of the Project Manager's time. In case of a hybrid (let's say developer and Project Manager at the same time) then it should be as long as it takes, the Project Management function of the employee should be his/her priority. Make sure you do all your job functions as a Project Manager otherwise, the project will probably fail. Project Management is a very serious profession and should not be taken lightly. ------------- I agree that project management is a very serioud profession. The percentage "overhead" of project management to a project is however largely depending on the nature of a project, e.g. how many people are working on the project, complexity, budget, etc. If a project has one developer working full time for 3 months, it sure doesn't need a project manager also working full time to manage just one developer. In this example, the percentage overhead would be 50% of project (1 out of 2 full time resources is doing only project management).
