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PACE in Maryland is Not Keeping Pace

Green Building Law Update

In the event of a default, the amount in default (but not the entire principal of the PACE loan) is a liability that is a property tax lien collected by the local government with the priority associated with other real property tax liens, so existing mortgage holder acknowledgment of a PACE loan is required.

Maryland 136
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Join Levelset and Procore at ABC’s 75th Annual Convention in Las Vegas!

Levelset

At this dynamic event, attendees will experience the National Craft Championships, the Construction Management Competition, the National Excellence in Construction Awards, and the Construction Workforce Awards. Meet Us at Booth #1307! If youre attending ABCs Annual Convention, dont miss the chance to visit Booth #1307 and connect with us!

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How to Get Paid on New Jersey Public Projects

Levelset

When payment problems come up, contractors on public projects can’t turn to the mechanics lien for the solution — both the federal and state governments prohibit private companies from gaining interest in public property. New Jersey bond claim laws & liens on contract funds. Preliminary notice requirements.

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4 Factors Underwriters Consider When Issuing a Construction Bond

Levelset

The surety is also likely to explore a contractor’s payment history on past projects — an inability to make on-time payments to subcontractors and suppliers can increase the risk of mechanics liens or bond claims. . It is also helpful to provide the surety with a cash flow projection for the project.

Risk 52
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Starting Profitable Construction Company Unique Secrets Revealed

Contractor Bookkeeping

A whole stream of events issues from the decision, raising in one''s favor all manner of unforeseen incidents and meetings and material assistance, which no man could have dreamed would have come his way. Cash flow issues kill contractors even though they have profit. Poor scheduling affects production and cash flow.

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Subcontractor Default Insurance: Pros & Cons for General Contractors

Levelset

In addition, SubGuard does not provide protection against mechanics liens from unpaid second-tier subs and suppliers. Halfway through the project, LA Plumbing has significant cash flow problems and they can no longer pay their vendors or employees. SDI is offered as an alternative to performance bonds.

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New Contractor Business Start Up

Contractor Bookkeeping

We strongly recommend a Subchapter S Corp (a Sub S) for tax advantages, protecting your personal assets in the event of a claim or lawsuit against your company and for future expansion. Payment terms put you in never ending negative cash flow by loaning the customer money at 0% and borrowing on your credit cards at 24%.