Federal Construction Contracting Blog

APRIL 9, 2024

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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Lien Construction Debt Agreement 52

Levelset

MARCH 12, 2025

There are three main ways contractors can effectively deal with construction cost increases: financing building material purchases, adding a margin to their estimates, or including an escalation clause in the contract. An increase in construction costs means higher credit risk.

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Risk Lien Construction Contract 40

Levelset

OCTOBER 19, 2022

When a property owner wants to finance the construction of a new building, they typically have to obtain two loans: one loan for the mortgage on the completed home, and another for the land purchase and construction expenditures. Failing to protect lien rights. What is a construction-to-permanent loan? What are the upfront costs?

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Contractors Lien Finance Construction 98

Green Building Law Update

MAY 21, 2017

but not all) file a UCC-1 financing statement in the real estate records that puts third parties on notice to their rights in the system. That fixture filing is in most states a lien or encumbrance against the system. Many of the companies engaged in this business (.

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Leases Housing Agreement Residential 232

Green Building Law Update

SEPTEMBER 11, 2016

PACE state enabling statutes generally authorize local governments to engage private sector lenders to provide upfront low interest financing to property owners for qualified projects (e.g., providing opportunities to separately finance the top 20% of a construction project or.), Commercial PACE programs are still very new.

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Baltimore Maryland Finance Residential 120

Green Building Law Update

MARCH 18, 2018

but not all) file a UCC-1 financing statement in the real estate records that puts third parties on notice to their rights in the system. That fixture filing is in most states a lien or encumbrance against the system. Many of the companies engaged in this business (. Shockingly, this is not only a residential problem.

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Leases Housing Agreement Residential 179

Construction Law Monitor

SEPTEMBER 27, 2010

Started in the green revolution’s holy land, Berkley, California, PACE financing is shorthand for Property-Assessed Clean Energy Financing ( Wikipedia entry ). All was going very well for PACE Financing. The PACE Financing Programs has a lot to do with construction and construction law. And they may be right.

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Finance Lien Green Louisiana 48

Best Practices Construction Law

JUNE 15, 2022

In these tight times, you can understand how important payment provisions are to the parties’ transaction, particularly where costs are escalating and projects may stall mid-performance due to financing issues or owner-default. Does my state prohibit pay-if-paid clauses? One major lesson: WORDS MATTER.

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Virginia Contract Lien Construction 118

Green Building Law Update

AUGUST 16, 2020

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. That fixture filing is in most states a lien or encumbrance against the system. Some of the companies engaged in this business (.

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Housing Leases Residential Agreement 207

Construction Dive

APRIL 2, 2014

The property secures the construction loan that finances the project. The property also serves as security, through mechanic’s liens, for contractor payment. The timing is easy enough to establish with regard to the lien or deed of trust securing the construction loan. Hence, the “first shovel” rule.

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Lien Security Construction Finance 51

Levelset

MAY 23, 2022

Protect your lien rights. Mechanics lien rights are a tool to help the construction industry get paid for its work. In many states, preliminary notices are required to establish the right to file a lien, if needed, for nonpayment. Use materials financing to have more cash on hand. Get materials now. Learn More.

Cash Flow 59

Cash Flow Lien Accounting Construction 59

ENR Construction

FEBRUARY 3, 2020

In a move that the two firms say reflect a natural overlap in their businesses, construction-finance software maker Built Technologies has announced that it is acquiring lien-waiver software maker lienwaivers.io.

Finance 28

Finance Software Software Lien 28

Chianelli Estimating

NOVEMBER 11, 2011

Bids are reviewed by the building and finance committees. Subcontractors and material yards begin calling due to lack of payment and are beginning to lien the project. Some are much lower than the estimated building cost and many were well above the budget.

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Bidding Estimating Budget Budgeting 100

Levelset

MAY 2, 2022

Levelset’s Contractor Profiles provide information on a contractor’s payment history, lien claims, and reviews from other contractors and suppliers. Another option is to give the vendor a copy of your lien policy , which shows what actions you will take to collect payments from your customers. Get more trade preferences. Learn More.

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Negotiation Materials Cash Flow Finance 52

Fieldwire

AUGUST 6, 2023

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. Many project managers also sometimes face struggles ensuring consistent communication with the finance and sales departments due to scheduling.

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Project Management Management Construction Budgeting 98

Levelset

APRIL 5, 2022

Finance material purchases. Material financing can help you delay the payment of material invoices for up to 120 days. A financing company pays your vendor directly, and you pay the financing company once you have enough cash on hand. Last but not least, establish and follow your company’s mechanics lien policy.

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Cash Flow Finance Construction Materials 52

Levelset

JUNE 16, 2022

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.

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New Jersey Lien Claims Contract 52

Green Building Law Blog

JULY 20, 2012

Property Assessed Clean Energy (PACE) is a property assessment used to finance the upfront costs of energy efficiency upgrades. FHFA proposed a rule on PACE financing on June 15, and is available for download here. A local government provides funding, and the assessment is paid back as a line item on a property’s tax bill.

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Lien Finance Security Regulation 40

Levelset

JUNE 6, 2022

Peterson , a construction finance educator and author, “The retention in the retention receivable account is not collectible yet because the contractor has not earned the right to receive it.” Contractors must weigh whether to use a mechanics lien to protect their payment rights. According to Steven J.

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Accounting ABC Banking Liability 98

Building Radar

SEPTEMBER 9, 2024

A well-managed contingency budget ensures that surprises don’t derail the project timeline or finances. A construction loan is a short-term loan used to finance the building of a property. Understanding how construction loans work is essential for anyone planning to finance a building project.

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Drawings Construction Lien Contract 52

Buisness Facilities Contributed Content

APRIL 15, 2014

CAPCO financing, an alternative to conventional bank financing, can accommodate a slightly higher risk profile and provide a more flexible structure for growing businesses. Terms for both are normally 10-20 years and can finance up to 100% of the project costs. ALABAMA - updated for 2014. They are: The Renewal Program.

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Income Finance Zoning Employment 108

Levelset

MARCH 16, 2022

Since subcontractors have bills to pay and interest accruing, the sub has the ability to file a mechanics lien against the property. In the meantime, this mechanics lien can prevent the project owner from securing further financing or from closing on a deal to sell the property. Protect & speed up every payment. Learn more.

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Lien Construction Budget Budgeting 52

Green Building Law Blog

FEBRUARY 2, 2012

As discussed in earlier posts , in the summer of 2010 the Federal Housing Finance Agency put the brakes on PACE programs. PACE programs were initially very popular, and more than 25 states passed PACE-enabling legislation. The wording of the proposed rule is interesting.

Leases 40

Leases Lien California Finance 40

Levelset

FEBRUARY 10, 2022

The preconstruction phase helps nail down the materials before the project breaks down, giving the client time to choose several backup options, and the contractor enough time to secure financing and order them so subs aren’t waiting for them to arrive. Plans are deemed unfeasible, or the developer may have trouble getting financing.

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Risk Feasibility Bidding Budgeting 52

Levelset

AUGUST 17, 2022

Depending on their role in the company, workers have a varying amount of time spent on business admin, including marketing, bookkeeping, professional development, finances, IT, etc. Design firms can ensure that they get paid by taking advantage of their right to file a mechanics lien in the states where it’s allowed.

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Profitability Lien Overhead Cash Flow 52

Buisness Facilities Contributed Content

MARCH 21, 2014

CAPCO financing, an alternative to conventional bank financing, can accommodate a slightly higher risk profile and provide a more flexible structure for growing businesses. Terms for both are normally 10-20 years and can finance up to 100 percent of the project costs. It allows for the construction of roads, bridges, etc.

Income 75

Income Finance Zoning Equipment 75

Levelset

AUGUST 15, 2022

It is possible to purchase credit reports from credit bureaus within the industry, which may say if the company has a history of paying its bill on time or not — as well as if the company has any active negative filings on its record, like mechanics liens. “I Ask the contractor for evidence.

Construction 52

Construction Lien Contractors Management 52

Autodesk Construction Cloud

MAY 5, 2023

They require flexible solutions that can keep up and make their lives easier whether they are in the office or at the jobsite. Until recently, software applications for managing the finances of construction paid little attention to anyone outside of the back office. You must redeem the offer within the first six months of enrolling.

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Office Autodesk Accounting Project Management 52

Levelset

AUGUST 4, 2022

If you don’t have enough cash available for your expenses, you may need to look at some short-term financing options. A cash flow projection covers three types of cash activities: operating activities, investing activities, and financing activities. Financing activities include stock offerings and long-term debt.

Cash Flow 52

Cash Flow Budget Budgeting Forecasting 52

Contractor Bookkeeping

JUNE 15, 2012

Use Credit Cards - And supplier accounts to finance your new business and be very careful about what you buy. No Financing - Your customer or client's project by providing a substantial amounts of labor, material, subcontractors and rental equipment hoping to get paid later on down the road. You say O.K.

Contractors 48

Contractors Insurance Claims Lien 48

Construction and Infrastructure Law

JANUARY 17, 2018

While the construction company’s management was great at operating the construction business, it was not so great when it came to the financing business. In general, EPCs that successfully realized investment returns typically invest through an independent financing arm. It may be time to revisit the financing model again.

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Equity Contractors Finance Construction 40

Best Practices Construction Law

NOVEMBER 21, 2019

The owner ultimately lost its construction financing on the project and abandoned the development. Since the contractor had not been paid for its work, it refused to pay the subcontractor’s work.

Contract 77

Contract Subcontracting Drafting Virginia 77

Contractor Bookkeeping

JUNE 20, 2014

Use Credit Cards - And supplier accounts to finance your new business and be very careful about what you buy. No Financing - Your customer or client''s project by providing a substantial amounts of labor, material, subcontractors and rental equipment hoping to get paid later on down the road. You say O.K.

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Insurance Construction Claims Accounting 48

Construction Lawyer

JUNE 13, 2005

This document was written by the MBA Commercial Real Estate/Multifamily Finance Board of Governors (COMBOG) Loan Origination Committees Mold Working Group. The Commercial/Multifamily Mold Working Group is made up of MBA members who are industry experts in commercial real estate finance, property inspections and insurance. Categories.

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Illinois AIA Chicago Documentation 40

Buisness Facilities Contributed Content

JULY 11, 2014

Beginning Entrepreneur Loan Guarantee Program: Designed to assist in business start-up financing by providing a financial institution with guaranty of a loan not to exceed $200,000. Loans may be used to finance the purchase or improvement of real property, equipment or personal property, or working capital needs.

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North Dakota Income Finance Equipment 40

Buisness Facilities Contributed Content

MARCH 8, 2016

FINANCING & GRANTS. CAP can be used with term loans or lines of credit, on financing for working capital needs, technology or facility upgrades, business startups or business expansions. Typical financing structure: 50% Bank Loan. Funds to make Loans are derived from the sale of State-guaranteed bonds.In 40% JDA Loan.

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New York Finance Products Commercial 40

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. The Lien Zone.

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Construction Schedule Safety Industrial 52