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This blog, created by a business that provides expert legal witnesses, needs to be written at the level that you would find value if you were a serious lawyer or litigant in a significant construction dispute. I’m not a lawyer, of course, and wouldn’t think of providing specific legal advice to anyone reading this blog.
There are several different types of property liens , which are legal claims against the property held by a debtor. Contractors and other businesses in the construction industry can file a mechanics lien if they aren’t paid for their work – even if they weren’t hired directly by the property owner. What is a lien?
In January 2007, Southern Builders, the general contractor, commenced a mechanics lien action in the Circuit Court. Million, 23 unit luxury condominium and restaurant project in Crisfield, Maryland, called Captain’s Galley and substantially completed in 2006. And now you know the rest of the story.
In January 2007, Southern Builders, the general contractor, commenced a mechanics lien action in the Circuit Court. Million, 23 unit luxury condominium and restaurant project in Crisfield, Maryland, called Captain’s Galley and substantially completed in 2006. And now you know the rest of the story.
I also know that the school district won’t dissolve all of a sudden or declare bankruptcy. And don’t think you’ll get legal fees in a settlement – it just won’t happen. Things like this are only going to make the situation worse and could put you in legal trouble as well. So play it cool.
Architects are designing smart structures, including components with which contractors have had minimal experience. It is not unheard of for a construction firm to face bankruptcy and fail because of a lawsuit. Benefit: Documentation builds your defense, but avoiding all together avoids costly legal fees. Avoid Litigation.
Despite this, both general contractors and subcontractors struggle with the complexities of the payment process and face significant cash flow obstacles. Time and time again, I hear about contractors’ frustrations and struggles with late payments and cash flow and how it negatively impacts their businesses. Increasing financial risk.
His book, Legal Guide to AIA Documents, published by Aspen Publishing, is in its fifth edition. He is a partner in the law firm of Sabo & Zahn, concentrating in construction law and representing owners, contractors, architects, developers, engineers and other parties in the construction process. A Legally Inclined Weblog. >.
Unfortunately the contractor with work in progress is most vulnerable. Contractors working with a fixed cost contract is the norm and are married to the terms by which it has been agreed upon from the project outset; before Copvid-19 restrictions. Too many contractors vying for the same job . cost overruns. Less opportunities.
The owner initially hired a contractor to perform waterproofing repairs at the manufactured stone façade of the building. While performing these repairs, the contractor raised concerns to the owner regarding several stone units that appeared to be in a loose or unsound condition.
His book, Legal Guide to AIA Documents, published by Aspen Publishing, is in its fifth edition. He is a partner in the law firm of Sabo & Zahn, concentrating in construction law and representing owners, contractors, architects, developers, engineers and other parties in the construction process. A Legally Inclined Weblog. >.
In this article, we’ll explain how completed operations coverage works, and how it protects contractors and subcontractors. Completed operations insurance covers property damage or injury caused by work that a contractor performed in the past. Completed operations coverage is bundled with a contractor’s general liability policy.
It happens this way: A contractor or subcontractor borrows money from a lender, and as security for the loan it gives the lender an assignment of or lien on its receivables and contract rights. Payment should be in the full amount currently owed to the contractor, regardless of how much is still owed on the contractor’s loan.
If you are a contractor working on public projects, you’ve most likely heard a lot of myths about construction bonds. Probably the most widely spread misconception about contractor bonds is that they are too expensive, and thus out of reach for many small-scale contractors. ’s largest electrical contractor.
Given the present construction landscape with owners and developers filing bankruptcy, a lack of credit flowing in the building market and many construction companies simply going out of business, a lien may be the only true payment recourse for a contractor, subcontractor or material man.
Here’s how this section reads: Except as provided in Paragraph (2) of this Subsection, nothing in this Part shall be construed to preclude a surety from asserting any defense to the principal obligation that its principal could assert except for lack of capacity or discharge in bankruptcy of the principal obligor.
They usually also prohibit the individual from serving as an independent contractor for, or having any ownership interest in, a competitive organization. “I The legal fees and time required to defend one’s actions can be costly, even when a court strikes down the first employer’s covenants as unreasonable.
His book, Legal Guide to AIA Documents, published by Aspen Publishing, is in its fifth edition. He is a partner in the law firm of Sabo & Zahn, concentrating in construction law and representing owners, contractors, architects, developers, engineers and other parties in the construction process. A Legally Inclined Weblog. >.
In relation to charter parties, the impact of the pandemic has given rise to a number of legal issues, and potential for disputes up the contractual chain depending on whether the provisions are back-to-back. In addition, the insolvency of an award debtor may present a real hurdle to the enforcement of any monetary arbitral award.
If you are a contractor working on public projects, you’ve most likely heard a lot of myths about construction bonds. Probably the most widely spread misconception about contractor bonds is that they are too expensive, and thus out of reach for many small-scale contractors. ’s largest electrical contractor.
Establishing a business legally is a straightforward process, and creating a plan for growth is exciting. Starting a business starts with the legal and logistical nuts and bolts that get you ready for growth later on. We have a contractor licensing guide for every state you can refer to.
Establishing a business legally is a straightforward process, and creating a plan for growth is exciting. Starting a business starts with the legal and logistical nuts and bolts that get you ready for growth later on. That’s not an overstatement: Cash flow is the number one reason why plumbing contractors fail.
Establishing a business legally is a straightforward process, and creating a plan for growth is exciting. Starting a business starts with the legal and logistical nuts and bolts that get you ready for growth later on. That’s not an overstatement: Cash flow is the number one reason why electrical contractors fail. .
Moving from working as a roofing contractor to starting your own business may feel a bit dizzying, but it doesn’t have to be. Establishing a business legally is a straightforward process, and creating a plan for growth is exciting. That’s not an overstatement: Cash flow is the number one reason why roofing contractors fail. .
An incentive for housing development may also be available to developers and contractors building or rehabilitating housing in an established enterprise zone. Qualifying defense contractors. legal services. Customs ports of entry where merchandise is considered legally outside U.S. Qualifying financial service providers.
FOREIGN TRADE ZONES (FTZs): Secured areas legally outside of U.S. QUALIFIED DEFENSE AND SPACE CONTRACTOR TAX REFUND (QDSC): Florida defense, homeland security and space business contractors are given a competitive edge in consolidating contracts or subcontracts, acquiring new contracts or converting contracts to commercial production.
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