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By using the existing subcontractors instead of hiring someone new, you can resolve or avoid a mechanics lien as you’ll be adhering to the original subcontractor contract. Or, what you thought was a “great deal” can turn upside down quickly. What have your dealings been like with distressed properties? Bill Di Santo.
A good subcontractor will have his attorney review any agreement to make sure that the deal is an even one. Commonly litigated subcontract provisions. Commonly litigated subcontract provisions. Lien Waivers. A well crafted contract can better protect a prime and/or a sub when default arises. “Pay-when-paid” v.
Protecting your payment rights on public works projects is crucial, as contractors deal with payment issues on these projects just as much as on private ones. There is also a preliminary notice required for securing the right to file a lien on retainage, but this is usually included in the Notice to Contractor.
25 MILLION DEAL-CLOSING FUND: Arizona has taken a progressive position by offering attraction funds to companies meeting performance measures that benefit both the company and the citizens of Arizona. The private sector participant finances 50 percent of the project cost and takes a first lien on assets pledged as collateral.
A statewide group of investors is forming an association to share deal flow and due diligence. It provides specialized and professional assistance to businesses seeking assistance with contracting and subcontracting opportunities with the Department of Defense (DOD), other federal agencies or state and local governments.
When payment problems come up on a public project, contractors can’t just file a mechanics lien as a solution, as both the federal government and state governments prohibit private companies from gaining interest in public property.
00 52 14 Subcontract Form – Stipulated Sum (design/bid/build or. 00 52 17 Subcontract Form – Cost-Plus (design/bid/build or design/negotiate/build). 00 52 14 Subcontract Form – Stipulated Sum (design/bid/build or. 00 52 17 Subcontract Form – Cost-Plus (design/bid/build or design/negotiate/build).
00 52 14 Subcontract Form – Stipulated Sum (design/bid/build or. 00 52 17 Subcontract Form – Cost-Plus (design/bid/build or design/negotiate/build). 00 52 14 Subcontract Form – Stipulated Sum (design/bid/build or. 00 52 17 Subcontract Form – Cost-Plus (design/bid/build or design/negotiate/build).
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