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Sechelt Development - The Watermark at Sechelt
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03-29-2015, 08:36 PM,
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RE: Sechelt Development - The Watermark at Sechelt
(02-01-2015, 09:33 AM)Skook Wrote: Hi inanear, Glad to find out you are "still kicking" and you will soon be posting more comments. Now to the legal advice we got: the advise was that the sub-contractors could not put a lien against the Watermark project even with Wakefield Construction having their bankruptcy troubles. It is like you said, "the company’s (Wakefield's) depth of involvement in Watermark other than it being chosen to be its (the Watermark's)“Construction Manager...”. Seemingly the contract the developer had with the Construction Manager, Wakefield, was rather limited to various conditions, jobs etc. One of the services Wakefield Construction performed was the scheduling which sub contractor would be working (let's say on the forth floor of Phase 2) during a particular time period. The developer, Pacific Spirit Properties (Sechelt) Limited Partnership, had the rest of the contract sewn up pretty well such that any financial difficulties the Construction Manager might fall into could not pass on to involve the Watermark. Not being a lawyer, I cannot repeat the legal ins and outs, but it comes down to the Watermark seemingly is free of any such difficulties. |
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