Construction Legal Lien Profitability 
Fieldwire
AUGUST 14, 2023
Construction is one of the hardest industries to manage cash flow in, with contractors often facing large up-front costs and frequent, long delays between expenses and payment. It’s fairly common, especially on commercial and public construction projects, and typically ranges from 5 - 10% of the total contract price.
Autodesk Construction Cloud
FEBRUARY 1, 2024
A strong financial base in construction is as vital for success as a solid physical foundation is for any building project. Paired with razor-thin profit margins, it’s increasingly difficult for construction firms to build and maintain the financial foundation necessary to compete and thrive in the industry.
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Levelset
APRIL 15, 2022
They may not have the funds available to pay the contractor out of pocket, so they’re counting on that insurance check to cover the construction costs. Klark Brown , Co-founder of The Alliance of Independent Restorers, concedes this might be one of the very situations in which an AOB construction agreement might help a contractor. “An
Levelset
SEPTEMBER 28, 2022
Podcasts are now an essential medium for sharing information, and experts across the construction industry share their wisdom every day with listeners interested in growing a construction business, learning about the latest construction trends and technology, and building their understanding of construction law and finance.
Levelset
APRIL 28, 2022
Construction is a risky business, with among the highest rates of failure of any industry. In addition, SubGuard does not provide protection against mechanics liens from unpaid second-tier subs and suppliers. Some GCs pass the cost of the loss reserve onto the project owner and claim that amount as additional profit on the project.
Levelset
APRIL 8, 2022
But for many types of work, restoration contractors have the right to file a lien on their property if they fail to pay. The fact that these people are hired by carriers that can offer work to these parties could be accurately construed as high-risk for bias and profit-driven for the carrier. You are not a public adjuster.
Levelset
APRIL 8, 2022
But for many types of work, restoration contractors have the right to file a lien on their property if they fail to pay. . The fact that these people are hired by carriers that can offer work to these parties could be accurately construed as high-risk for bias and profit-driven for the carrier. You are not a public adjuster.
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