Challenges to Prop 13 and What it Could Mean for Your Project
What is Proposition 13? The People’s Initiative to Limit Property Taxation, passed in 1978, was a two-part populist revolt against trending tax-and-spend policies. Prop 13 capped property taxes at 1% of residential/commercial property value and annual increases of assessed value of real property at the inflation factor of 2%, while mandating a two-thirds majority in both state legislatures to increase any state [...]
What is a Gate System in Due Diligence
Murow|CM provides Due Diligence services, also known as Feasibility, on a variety of projects for major Public & Private Residential Builders & Developers, Commercial & Industrial Builders & Developers, Equity & Debt Firms, Oil Companies, Land Owners, etc. We leverage our over four decades of experience & expertise to identify exposures and develop creative, efficient, and cost effective solutions to quickly provide the decision makers with the necessary information to [...]
5 Habits of a Successful Construction Project Manager
Five Habits of a Successful Construction Project Manager Selecting the right Construction Project Manager for your construction plan can save you time, energy and money. You want to find someone with extensive experience, who understands your vision, and will work with you to create the best outcome. To ensure each responsibility is met, we have compiled a few key attributes and behaviors of highly effective Construction Project Managers. Define Goals [...]
Why Hiring a Bond Exoneration Expert Matters
Why Hiring a Bond Exoneration Expert Matters Exonerating surety bonds can many times be an afterthought after construction projects are complete and homebuilders or developers have moved on to other projects. When projects have not been formally turned over to the various agencies holding the bonds this exposes the parties responsible for the improvements to significant liability. Also, when bonds have not been released the homebuilders or developers are subject [...]
Why Hire An Expert Witness?
Why Hire An Expert Witness? There are many benefits to hiring an expert witness. In fact, most would agree that it is most important to have an expert analyze the complexities of a construction case. This is because they are subject matter experts in the area being litigated. Hiring an expert witness can increase your chances of having a favorable outcome in your case. Expert witnesses are regarded as highly [...]
Best Construction Management Practices
Being vigilant with time and money are two of the main areas construction managers need to stay attentive to. Here are a few tips and tricks to keep your projects moving along in a timely and efficient manner while avoiding costly delays. The best way to maintain the budget and schedule is to follow processes and procedures and to strictly work with subcontractors who do the same. Planning ahead allows you [...]