Remove Agreement Remove Drawings Remove Lien
article thumbnail

How a Construction-to-Permanent Loan Impacts Contractors & Lenders

Levelset

The lender’s responsibility is to ensure: The construction loan is always in good standing The money that hasn’t been spent is still enough to finish the upgrades Draw disbursements are only released for work that has been completed. Learn more: The construction loan draw process explained. Failing to protect lien rights.

article thumbnail

Payment Applications 101: A Guide to Pay Apps in Construction

Fieldwire

Change orders : A change order is a written agreement between the owner or architect and the contractor that changes the contract amount, work requirements, and/or schedule. Conditional lien waivers : A lien waiver is a document that waives the signing party’s right to file a mechanics lien.

Lien 98
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: Subcontractor's Mechanics lien allowed.

Construction Lawyer

You are not our client and we are not your attorneys unless and until you enter into a written retainer agreement with us. Subcontractors Mechanics lien allowed where bank seized generals funds. 107108 (May 21, 2009), has ruled in favor of the subcontractor in enforcing a mechanics lien. University of St. Francis , No.

Lien 40
article thumbnail

The Ultimate Construction Glossary for 2024: Essential Terms and Definitions

Building Radar

In this article, we will explore key terms such as sustainable construction, turnkey projects, and as-built drawings, with helpful links that provide in-depth insights. What are ‘As-Built Drawings’? As-built drawings are indispensable for facility management, maintenance, and any subsequent renovations.

article thumbnail

constructionattorneyblog: Posting Architectural Elevations on a.

Construction Lawyer

You are not our client and we are not your attorneys unless and until you enter into a written retainer agreement with us.   The trial court had determined that the plaintiff’s architectural drawings were not detailed enough to construct the building, meaning that the drawings were not protected. Nothing more is required.

article thumbnail

#122:  Construction Loan Disbursement Pitfalls

NH Construction Law

Owner/borrowers like it as well; preventing the contractor from getting ahead of them in payments incentivizes proper contract performance, and a set of professional eyes to determine whether the contractor’s draw requests are justified is a welcome feature.

Banking 40
article thumbnail

Architect not liable when owner deviates from plans

Construction Lawyer

You are not our client and we are not your attorneys unless and until you enter into a written retainer agreement with us. 2d 163 (August 23, 2011), an architect was hired to prepare drawings for permit. The drawings required the use of traditional wood joists and listed various finishes. mechanics liens. Categories.

Plans 51