This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
And don’t think you’ll get legal fees in a settlement – it just won’t happen. Sometimes there is a much simpler solution and getting bogged down with all the legal mumbo jumbo can cause you to lose site of other less expensive alternatives. File a Mechanic’s Lien (if you can).
A mechanic’s lien is a legal claim against a property for unpaid work or materials provided during construction or renovation. What is a Mechanic’s Lien? What is a Mechanic’s Lien? If the property owner fails to resolve the lien, the lienholder may seek foreclosure to recover the owed amount.
16, 2019), the court evaluated a sub-subcontractor’s claim on a construction contract dispute arising from the renovations at the Longfellow Bridge and the Hatch Shell in Boston, Massachusetts. certifications and/or lien waivers) to the prime contractors to obtain payment. Ciccone d/b/a Ciccone Door Services, (U.S.D.C.
The variety of services they provide can create a lot of confusion around their right to file a mechanics lien if they don’t get paid. In an attempt to make things clearer, let’s look at what type of work restoration and remediation contractors can file a lien for — and what type of work is less likely to be protected.
If a contractor doesn’t receive payment, they can’t go after the insurance company – but they do have the right to file a mechanics lien on the owner’s property. Legal advice and insurance advice are off limits , but offering reassurance to a homeowner is not. Keep detailed records.
As-built drawings are indispensable for facility management, maintenance, and any subsequent renovations. What is a ‘Mechanic’s Lien’? A mechanic’s lien is a legal claim that contractors, subcontractors, or suppliers can place on a property if they are not paid for their work or materials.
This policy may also cover legal fees involved in certain types of lawsuits. Builder’s risk insurance protects the building while it’s under construction or renovation, allowing the policyholder to recoup losses caused by accidents, fires, weather, vandalism, theft, or other risks named in the policy.
Establishing a business legally is a straightforward process, and creating a plan for growth is exciting. Starting a business starts with the legal and logistical nuts and bolts that get you ready for growth later on. Someone at your company should review every contract — even better, hire a legal team to do it for you.
Establishing a business legally is a straightforward process, and creating a plan for growth is exciting. Starting a business starts with the legal and logistical nuts and bolts that get you ready for growth later on. Someone at your company should review every contract — even better, hire a legal team to do it for you.
Establishing a business legally is a straightforward process, and creating a plan for growth is exciting. Starting a business starts with the legal and logistical nuts and bolts that get you ready for growth later on. Someone at your company should review every contract – even better, hire a legal team to do it for you.
Prevailing wage must be paid to workers involved in the construction or renovation. Funds may be used by large businesses for bondable business activities including financing the purchase of land or buildings, building construction or renovation, and certain types of machinery and equipment.
FOREIGN TRADE ZONES (FTZs): Secured areas legally outside of U.S. The private sector participant finances 50 percent of the project cost and takes a first lien on assets pledged as collateral. The SBA takes a second lien on assets and finances up to 40 percent of the project cost, up to $1 million in some cases.
Job order contracts, provides a flexible and responsive contractual capability in supporting its real property maintenance and renovation mission. The Owner may hold a retainage for completion of any punch list(s) for the estimated cost to complete the punch list and /or release of liens. Modification to Job Orders. Subcontract bid.
We organize all of the trending information in your field so you don't have to. Join 116,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content