Remove Document Remove Liability Remove Lien
article thumbnail

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
article thumbnail

Bring Construction Billing into Focus

Construction Business Owner

Clear visibility over invoices, lien waivers & payments inspires seamless money management & accelerated job timelines. The clean and intuitive dashboard offers a bird’s-eye view over each invoice, compliance document, lien waiver and payment, which makes invoice tracking and management easy as a click of your mouse.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

constructionattorneyblog: illinois supplier denied mechanics lien

Construction Lawyer

His book, Legal Guide to AIA Documents, published by Aspen Publishing, is in its fifth edition. Sabo & Zahn LLC is an Illinois Limited Liability Company. illinois supplier denied mechanics lien. An Illinois appellate court has affirmed the trial court's summary judgment against a lumber company's mechanics lien.

Lien 40
article thumbnail

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.

article thumbnail

What Contractors Need to Know About Surety Bonds

Construction Marketing

Finally, a payment bond guarantees that you will pay your subcontractors and suppliers for their work and helps to protect the project owner by preventing subcontractors and suppliers from filing mechanic’s liens against the property’s title. Surety bonds do not protect you against liability. Are Surety Bonds Insurance?

article thumbnail

constructionattorneyblog: Limitation of Liability in new AIA Document

Construction Lawyer

His book, Legal Guide to AIA Documents, published by Aspen Publishing, is in its fifth edition. Sabo & Zahn LLC is an Illinois Limited Liability Company. Limitation of Liability in new AIA Document. One of the new 2007 AIA documents is B103 -- Owner-Architect Agreement for a Large or Complex Project. Disclaimer.

article thumbnail

Does GC Insurance Cover Subcontractors?

Levelset

If a sub accidentally drops a steel beam on the project manager’s new sports car, that subcontractor’s liability insurance policy would likely cover the damage. General liability, builder’s risk, and subcontractor default insurance are among the most common, and wrap insurance is growing in popularity.