Part of the process of bidding and hiring a contractor to work in your building is verifying their insurance coverage. Uninsured or inadequately insured contractors pose a serious threat to a co-op or condo community’s finances and can …
Those who handle the management of any kind of residential building deal with contractors and contracts regularly—but they aren’t the only ones who should know about the process. It’s not necessarily an arcane topic—whether the project i…
Nothing can take the fun out of a design project faster than missed deadlines and cost overruns—and naturally, both problems usually go hand in hand. Even if a project is certain to increase a property’s value and/or curb appeal, the uph…
Most people living in a co-op or condominium building don’t have much experience with managing major construction projects. They may have skills that can be very helpful to their board—such as financial acumen, to name just one—but not c…
Being a co-op or condo owner often means multi-tasking—especially if you happen to serve on your building's board. To keep your home in good repair and to comply with Local Law 11 and other city building codes governing façade repai…
When a client hires a general contractor to build or renovate property, that company is legally responsible for completing all of that work. The contractor may go out and hire different companies or subcontractors to help execute that wo…
Co-op buildings routinely require contractors to provide a Certificate of Insurance before any work is started either in a building or for individual shareholders. The managing agent or the shareholder will usually provide a list to the con…
Q We’ve had problems with a corrupt management in the past. I’m suspicious of our current management and several board members receiving kickbacks from vendors. Are there any steps that I can take to find out if this is repetition of ou…
As the cycle of work from the most recent Local Law 11 deadline expires, buildings inevitably must resolve issues over fees they owe to the contractors who did the work, completion of the work and questions about the quality of the …
When a client hires a general contractor to build or renovate property, that company is legally responsible for completing all of that work. The contractor may go out and hire different companies or subcontractors to help execute that work…