HardHatChat

SEPTEMBER 24, 2009

For example, if your general contractor falls behind on paying their sub contractors, or they don’t pay them at all, then those subs have lien rights that you as the developer or your tenant will have to pay the sub contractor or defend your rights as a property owner. So how do you avoid all of this?

Commercial 120

Commercial Banking Lien Construction 120

Levelset

APRIL 1, 2022

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.

Lien 52

Lien Contractors Inspections Consulting 52

Construction Law Monitor

MAY 14, 2013

If there is any one constant in the legal profession, it is that the law is an ever-evolving, static thing. There are currently three bills in various stages of the legislative process that would significantly change how different parties secure their rights to payment. Mechanics Liens: Recent Lien Law Amendments in Virginia.

Louisiana 60

Louisiana Lien Claims Construction 60

Construction and Infrastructure Law

AUGUST 29, 2024

Construction contracts in the energy sector involve unique challenges and risks, particularly with respect to bonds and mechanic’s liens. Know Local Mechanic’s Lien Laws: Mechanic’s liens are statutory and vary significantly from state to state. Here are our key takeaways.

Contract 40

Contract Lien AIA Construction 40

NH Construction Law

OCTOBER 22, 2023

It happens this way: A contractor or subcontractor borrows money from a lender, and as security for the loan it gives the lender an assignment of or lien on its receivables and contract rights. No one thinks to ask whether the contractor has pledged its receivables to secure a loan or line of credit. Suffolk Construction Co. ,

Security 40

Security Contract Accounting Construction 40

Construction Law Monitor

OCTOBER 9, 2013

In common terms, the PWA allows you to lien property in order to secure your right to payment. The notice of contract filing is important because, depending on the amount of the contract, the filing date will determine the time period in which one can file a lien. What is a Notice of Contract?

Contract 51

Contract Lien Louisiana Contractors 51

Building Radar

JULY 30, 2024

In the construction industry, the term “substantial completion” plays a crucial role in defining when a project is considered complete from a legal and practical standpoint. It often triggers various contractual and legal obligations, such as final payments and the start of warranties.

Legal 52

Legal Construction Lien Liability 52

Levelset

MAY 11, 2022

Generally, companies aren’t able to file mechanics liens on public projects unlike with private projects, as the federal government — and many states — prohibit private entities from claiming an interest in public property. On-demand legal help you can afford. New York City has additional rules for payment protection as well.

New York 52

New York Claims New York City Lien 52

Construction Law Monitor

MARCH 6, 2012

The application needs to include the following information in addition to proof of workers compensation insurance: (B)(1) The applicant’s name, home address, business address, and social security number. (2) It will give you protections and keep you legal. See La R.S. The homeowner can rip you off with very little recourse.

Louisiana 68

Louisiana Contractors Certification Contract 68

Levelset

JUNE 3, 2022

Contractors on public projects aren’t allowed to file mechanics liens when payment problems arise, as both the federal and state governments explicitly prohibit private entities from claiming an interest in public property. However, contractors have to follow certain steps in order to keep their payment rights secure on public works projects.

Washington 52

Washington Claims Lien Contract 52

Construction Cost Estimating

NOVEMBER 8, 2013

Textura —CPM minimizes the risk concerning the hold up of payment by tracking of compliance status in real-time and direct electronic payments. construction estimating construction management construction method construction payment management system construction software construction tool'

Management 45

Management Cash Flow Construction Lien 45

Federal Construction Contracting Blog

MAY 9, 2022

Even worse, if a subcontractor fails to take prompt legal action, it can lose access to one of the most effective ways to recover the amounts due. On a private project, a subcontractor may file a mechanic’s lien to secure its right to payment. However, when the owner is the federal government, a subcontractor has no lien rights.

Claims 52

Claims Contract Lien Materials 52

Autodesk Construction Cloud

FEBRUARY 1, 2024

If information is missing, overlooked or there’s no audit trail, contractors could face contract and legal penalties in addition to potential fraud and security issues. Moreover, manual payment processes also increase compliance risk. Known as Payapps in Australia, New Zealand, the U.K.,

Autodesk 87

Autodesk Cash Flow Construction Risk 87

NH Construction Law

FEBRUARY 25, 2023

Banks insist on this as a way to ensure that the mortgages securing their construction loans are supported by enough value on the ground to collateralize repayment. If the Seymour case shuts out a claim against the bank, do owner/borrowers have a legal claim against the inspector, with whom they have no contract?

Banking 40

Banking Inspections Construction Lien 40

Building Radar

SEPTEMBER 9, 2024

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 lien gives them a right to seek payment through the sale of the property.

Drawings 52

Drawings Construction Lien Contract 52

Construction Law Monitor

SEPTEMBER 17, 2013

Many folks also believe that joint check agreements are all the same, that there is standardized agreement language and rules, that they offer a lot of payment security, and a host of other incorrect assumptions. This leaves the parties subjected to a difficult legal gray area. Should You Sign That Lien Waiver? Related articles.

Agreement 51

Agreement Construction California Lien 51

Construction Lawyer

AUGUST 5, 2005

His book, Legal Guide to AIA Documents, published by Aspen Publishing, is in its fifth edition. The information provided here is not intended to be a solicitation for legal services, nor does it constitute legal advice. A Legally Inclined Weblog. >. ILLINOIS APPELLATE COURT DEEMS MECHANICS LIEN COUNTERCLAIM UNTIMELY.

California 40

California Illinois AIA Chicago 40

Autodesk Construction Cloud

NOVEMBER 15, 2021

The difference between secured and unsecured debts. ” To ensure that you get paid, you need to understand the difference between unsecured and secured credit. Secured credit, on the other hand, is backed by collateral. A home mortgage is a common example of secured debt. Best practices for handling change orders.

Contract 52

Contract Contractors Negotiation Subcontracting 52

Contractor Bookkeeping

JUNE 15, 2012

General Liability and Auto/rental equipment insurance can help protect you and your company against claims for personal injury and property damage, and may provide you with legal defense of those claims. The customer may also receive the legal defense of a claim because your general liability policy for FREE!

Contractors 48

Contractors Insurance Claims Lien 48

Contractor Bookkeeping

JUNE 20, 2014

General Liability and Auto/rental equipment insurance can help protect you and your company against claims for personal injury and property damage, and may provide you with legal defense of those claims. The customer may also receive the legal defense of a claim because your general liability policy for FREE!

Insurance 48

Insurance Construction Claims Accounting 48

Contractor Bookkeeping

JANUARY 2, 2015

General Liability and Auto/rental equipment insurance can help protect you and your company against claims for personal injury and property damage, and may provide you with legal defense of those claims. The customer may also receive the legal defense of a claim because your general liability policy for FREE!

Construction 48

Construction Insurance Accounting Claims 48

Buisness Facilities Contributed Content

APRIL 15, 2014

The Participating Lender sets all the terms and conditions of the loan (including premium levels, maturity dates, fixed or variable interest rates, secured or unsecured, amortization schedule, etc.) The Securities Industry and Financial Markets Association tracks the weekly average municipal interest rate from 2000 to current.

Income 108

Income Finance Zoning Employment 108

Buisness Facilities Contributed Content

MARCH 21, 2014

FOREIGN TRADE ZONES (FTZs): Secured areas legally outside of U.S. The company’s obligation to repay the loan is secured by a direct-pay Letter of Credit from a bank rated ‘A’ or better. The private sector participant finances 50 percent of the project cost and takes a first lien on assets pledged as collateral.

Income 75

Income Finance Zoning Equipment 75

Levelset

JULY 9, 2022

When payment problems come up on a public project, contractors can’t just file a mechanics lien as a solution, as both the federal government and state governments prohibit private companies from gaining interest in public property. Lien waivers. Deep dive : Georgia’s Very Unusual Rules for Mechanics Lien Waivers.

Georgia 52

Georgia Claims Lien Contract 52

Levelset

MAY 25, 2022

Contractors on public projects aren’t allowed to file mechanics liens when payment problems arise, as the federal government (and most states) explicitly prohibits private entities from claiming an interest in public property. Public construction projects need to secure a payment bond prior to the start of work. Learn more.

California 52

California Claims Lien Contractors 52

Levelset

MAY 16, 2022

For the most part, contractors aren’t able to file mechanics liens on public projects, unlike with private projects. Rather than filing mechanics liens, public construction projects are required to secure a payment bond prior to work beginning. On-demand legal help you can afford. Florida bond claims. Learn more.

Florida 52

Florida Claims Lien Contract 52

Levelset

MAY 20, 2022

Contractors on public projects aren’t allowed to file mechanics liens when payment problems arise. Instead, public construction projects need to secure a payment bond prior to the start of work. Additionally, performance bonds need to be secured if the contract is in excess of $100,000. On-demand legal help you can afford.

Texas 52

Texas Claims Contract Legal 52

Construction Marketing Ideas

OCTOBER 23, 2013

Never write an email you would not want to be seen in public and/or used in legal action. These rules have foundation in libel law, which publishers need to understand more than contractors (thankfully, we don’t need to worry too much about construction liens in our own business, however.)

Legal 54

Legal Lien US Guidelines 54

Levelset

JULY 7, 2022

When payment problems come up on a public project, contractors can’t just file a mechanics lien as a solution, as both the federal government and state governments prohibit private companies from gaining interest in public property. In some cases, securities, bonds, or other similar instruments may be substituted for retainage.

Oregon 52

Oregon Claims Contract Contractors 52

Levelset

MAY 18, 2022

Generally, contractors on public projects aren’t able to file mechanics liens. The federal government — along with many states — prohibits private entities from claiming an interest in public property, making it necessary for public construction projects to secure a payment bond prior to work beginning. Learn more.

Louisiana 52

Louisiana Claims Contractors Legal 52

Building Information Management

APRIL 24, 2016

Competitive quotations shall be secured wherever feasible, and in all instances, when requested by the Owner. Contractor is responsible for receiving and securing materials, including unloading of delivery trucks, checking deliveries, and transportation to the work area. Modification to Job Orders. Subcontract bid.

Contract 40

Contract Contractors Materials Site 40