Contractors in Florida may find that they have problems managing cash flow as the construction sector has recently seen significant growth. Typically, a subcontractor will bill the general contractor once a month. Once the general contractor receives bills from the subcontractors, a single invoice is sent to the owner of the property. From there, it could take up to 60 days for the owner to make a payment.
The homes and businesses across much of Florida are built from a heartier stock than most of the rest of the country. It is not a secret that our state is one of the most prone to hurricanes. As a result, lawmakers have created stringent building codes to keep people safe and structures standing.
Fort Walton Beach continues to be home to a number of construction projects, with renovations to the Gulfview Hotel expected to be completed by early February 2019. The historic hotel began the project in August 2018, transitioning to become a tourist welcome center for the Okaloosa County development department. The two-story building which dates back 112 years will also be home to a retail store featuring local products operated by the local chamber of commerce. It will include other attractions as well including the Billy Bowlegs Museum and leased meeting and office space.
As construction projects continue to rise in Fort Walton Beach, a local business park could soon be in for improvements. The Fort Walton Beach Commerce and Technology Park wants to set up a business improvement district or Community Redevelopment Agency at the park to generate funds to support improvements to the area. According to the city manager, this kind of agency could fund retrofitting the technology park's buildings to come into compliance with the Americans with Disabilities Act. In addition, the funds could also support the construction of dormitories at the site to serve the tech workers employed there.
Commercial development projects continue to rise in Fort Walton Beach with the opening of an Ulta Beauty store near Uptown Station. The cosmetics store and salon, a branch of a national chain, opened on Oct. 26 after a several-month period in which the facility was under construction. A spokesperson for the chain said that the store carries 500 brands and 20,000 different products as a major national beauty marketer.
Condominium associations must sometimes take on the role of Solomon to decide what is fair against the letter of the law spelled out in the condo covenants.