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Does a Lien Affect Your Credit Score?

Levelset

If you receive a notice that a lien has been filed on your property, you may wonder how it will affect your credit score and your ability to borrow money or get credit. Mechanics liens are different from other collection instruments, so they are treated differently when it comes to reporting on your credit history. What is a lien?

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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. These types of requests are common place in today’s world when an owner finances the construction of a building. Why should you care?

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5 Ways to Improve Cash Flow in Your Construction Business

Levelset

In the construction industry, starting a new project means encountering automatic, upfront costs. Getting paid in a timely manner is another challenge for specialty contractors since the average payment collection time for the construction industry is around 90 days. Protect your lien rights. Get materials now. Learn More.

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Top 5 Challenges for Construction Project Managers

Fieldwire

Patrick is the CEO at Handle.com which builds software that helps contractors, subcontractors, and material suppliers secure their lien rights and get paid faster. This can further snowball into more delays and higher costs as they try to find and fix defects or risk contractual penalties.

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Selling a House with Solar Panels is Fraught with Peril

Green Building Law Update

That language accomplishes next to nothing for the seller or buyer and may only serve to mitigate risk for the real estate brokers. but not all and maybe not even most) file a UCC-1 financing statement in the real estate records that puts third parties on notice to their rights in the system.

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The Hurdles of Assessing Credit in Construction — and How Experts Overcome Them

Levelset

In the construction industry, where credit is an integral part of companies’ processes , credit teams have to assess the creditworthiness of their customers individually, and it’s neither a straightforward nor simple process. Common credit issues for those in the construction industry. Take advantage of everything on the credit report.

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40 Best Construction Podcasts in 2022

Levelset

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.