Remove Accounting Remove Liability Remove Lien
article thumbnail

#134:  30-Day Accountings for Subcontractor/Supplier Mechanic’s Liens

NH Construction Law

It is generally recognized by New Hampshire courts that “[f]ailure to comply with the specific statutory provisions of perfecting a mechanics lien is usually fatal,” Alex Builders & Sons, Inc. Danley , 161 N.H. 19, 23 (2010). Bostwick , 69 N.H. But rarely are such amounts updated in 30-day intervals. McGranahan v.

Lien 40
article thumbnail

Accounting for Retention Receivable & Payable: A Contractor’s Guide

Levelset

In an attempt to hold contractors accountable, many projects use retention holdbacks, also known as retainage. These holdbacks need to be accounted for by every party to a project: owner, general contractor, and subcontractor. Retention receivable and payable is different from accounts receivable and payable. Fariba Mehdian.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

constructionattorneyblog: illinois supplier denied mechanics lien

Construction Lawyer

Sabo & Zahn LLC is an Illinois Limited Liability Company. Only a knowledgeable attorney can apply the information here to your particular matter, taking into account the laws of your jurisdiction. illinois supplier denied mechanics lien. Hillside filed a counterclaim to foreclose its mechanics lien. Copyright Notice.

Lien 40
article thumbnail

Unlimited liability for designers and contractors

Construction Lawyer

Sabo & Zahn LLC is an Illinois Limited Liability Company. Only a knowledgeable attorney can apply the information here to your particular matter, taking into account the laws of your jurisdiction. Unlimited liability for designers and contractors. Goodman has also worked on appeals and appeared before appellate courts.

article thumbnail

constructionattorneyblog: Subcontractor's Mechanics lien allowed.

Construction Lawyer

Sabo & Zahn LLC is an Illinois Limited Liability Company. Only a knowledgeable attorney can apply the information here to your particular matter, taking into account the laws of your jurisdiction. « Liability for green design | Main. Subcontractors Mechanics lien allowed where bank seized generals funds. Disclaimer.

Lien 40
article thumbnail

constructionattorneyblog: Liability for green design

Construction Lawyer

Sabo & Zahn LLC is an Illinois Limited Liability Company. Only a knowledgeable attorney can apply the information here to your particular matter, taking into account the laws of your jurisdiction. Subcontractors Mechanics lien allowed where bank seized generals funds » May 20, 2009. Liability for green design.

article thumbnail

Idle Equipment not entitled to Lien in Missouri

Construction Lawyer

Sabo & Zahn LLC is an Illinois Limited Liability Company. Only a knowledgeable attorney can apply the information here to your particular matter, taking into account the laws of your jurisdiction. Idle Equipment not entitled to Lien in Missouri. April 20, 2009 in litigation , mechanics liens | Permalink. mechanics liens.

Lien 40