Remove Documentation Remove Lien Remove Risk
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You Risk Paying Twice When Sub-Contractors Don’t Pay Their Bills

Wolgast Corporation

Liens Can Wreak Havoc on Funding. On top of that, that they expect you, the owner, to guarantee to the Bank and the Title Company that the project will be lien-free during construction. The lien laws protect people that supply the resources to build a building. By Brian Stadler, Wolgast President & CEO. Why should you care?

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5 Challenges in Meeting Construction Deadlines and How To Solve Them

Construction Marketing

However, many construction projects stall as workers wait around for important documents and approvals giving them the go-ahead to do their jobs. Solution : Invest in innovative construction software to serve as a repository for important project documents and unified medium of communication from the top down. . Waiting for Payment.

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Levelset and American Express Team Up to Empower the Construction Industry

Levelset

Levelset is excited to team up with American Express to provide our trusted lien rights management tools to eligible merchants who accept American Express [at a discount]. Our solutions are designed to simplify and streamline the lien management process, providing unparalleled support and efficiency.

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Navigating the Waters Beyond Construction Law: Unveiling the Ties Between Construction and Maritime Liens

Federal Construction Contracting Blog

In this blog post, we will explore the intricate relationship between these two legal realms by diving into a primer on maritime liens. As you navigate these intertwined industries, understanding the nuances of maritime law, particularly maritime liens, becomes critical.

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How a Construction-to-Permanent Loan Impacts Contractors & Lenders

Levelset

However, before starting work on a building financed with a construction-to-permanent loan, both property owners and contractors need to understand the risks. Contractor risks with a construction-to-permanent loan. There are common risks that are prevalent in every construction loan program. Failing to protect lien rights.

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4 Key Habits of Large, Successful Contractors

Levelset

However, smaller construction businesses are much less likely to prequalify their customers than larger businesses — and that could increase the risk of slow payment. Larger companies tend to send preliminary notices on every project or at least situationally — like when they’re required for protecting lien rights.

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The Consequences of Overstating Claims Under Colorado’s Public Works Act

Levelset

The VSOC essentially operates as a lien on project funds, meaning the public entity must hold onto the claimed amount until the payment dispute is resolved. This underscores that subcontractors must be mindful of their knowledge when submitting claims to avoid risking forfeiture. million claim was reduced to $5.7

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