Chianelli Estimating

JANUARY 30, 2020

Many times those costs are not recovered, however; they could make the difference in keeping the Builder or Owner solvent or ending up with a failed project or worse yet bankruptcy. Recently Contractors and Owners have found that Outsource Estimating is becoming a practical way to cut overhead.

Estimating 78

Estimating Construction Bidding Bankruptcy 78

Construction Lawyer

APRIL 30, 2012

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. New York court holds that contractor installing cogeneration system not entitled to a mechanics lien. mechanics liens.

New York 40

New York Lien Contractors Illinois 40

Autodesk Construction Cloud

FEBRUARY 1, 2024

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.

Autodesk 87

Autodesk Cash Flow Construction Risk 87

NH Construction Law

MAY 28, 2018

Like many states, New Hampshire law requires that if a subcontractor doesn’t pay wages to its employees, the general contractor must pay them. The main advantage of such “trust fund” provisions is in bankruptcy; trust funds are not considered assets of the subcontractor/debtor that can be distributed to general creditors.

Subcontracting 40

Subcontracting New Hampshire Lien Insurance 40

NH Construction Law

OCTOBER 22, 2023

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.

Security 40

Security Contract Accounting Construction 40

Construction Lawyer

JULY 20, 2012

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. In BMD Contractors v. 3d 643 (May 11, 2012, amended July 13, 2012), the owner became insolvent and unable to pay the general contractor.

Illinois 40

Illinois Subcontracting Liability AIA 40

Levelset

JULY 19, 2022

We have a contractor licensing guide for every state you can refer to. If you start growing without proper financial management, you will quickly find your company out of cash and in bankruptcy court. That’s not an overstatement: Cash flow is the number one reason why painting contractors fail.

Cash Flow 52

Cash Flow Accounting Profitability Residential 52

Levelset

JULY 22, 2022

Moving from working as a roofing contractor to starting your own business may feel a bit dizzying, but it doesn’t have to be. We have a contractor licensing guide for every state you can refer to — as many states do require specific licensing for roofing businesses. Read more: The profit roadmap for contractors.

Cash Flow 52

Cash Flow Overhead Accounting Profitability 52

Levelset

JULY 18, 2022

We have a contractor licensing guide for every state you can refer to — as many states do require specific licensing for plumbing businesses. If you start growing without proper financial management, you will quickly find your company out of cash and in bankruptcy court. Read more: The profit roadmap for contractors.

Cash Flow 52

Cash Flow Accounting Profitability Legal 52

Levelset

JULY 15, 2022

We have a contractor licensing guide for every state you can refer to — as many states do require specific licensing for electrical businesses. If you start growing without proper financial management, you will quickly find your company out of cash and in bankruptcy court. Read more: The profit roadmap for contractors.

Electrical 52

Electrical Cash Flow Accounting Profitability 52

Buisness Facilities Contributed Content

APRIL 15, 2014

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. Lending for certified government contractors and eligible government contractors. Qualifying financial service providers.

Income 108

Income Finance Zoning Employment 108

Buisness Facilities Contributed Content

MARCH 21, 2014

The private sector participant finances 50 percent of the project cost and takes a first lien on assets pledged as collateral. The SBA takes a second lien on assets and finances up to 40 percent of the project cost, up to $1 million in some cases. Qualifying defense contractors. Qualifying financial service providers.

Income 75

Income Finance Zoning Equipment 75

NH Construction Law

JANUARY 18, 2023

A few years back I blogged ( #19 ) that RSA 447:8 might be an exception to this general rule, imposing a trust in favor of subcontractors on money that an owner owes to a general contractor if the proper notices are given by the subcontractors. 6, 2023), decided by New Hampshire’s bankruptcy court.

Lien 40

Lien New Hampshire Claims Bankruptcy 40