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Seven Things to Do When an Owner Doesn’t Pay

Constructonomics

Hiring a lawyer can totally blow your entire profit margin, to which you are entitled. I’m a believer that people in this country are so obsessed with money and short term profit that they will unintentionally and perhaps subconsciously steer the situation in a direction that makes them the most money.

Lien 186
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What is Retainage in Construction?

Lets Build

For most construction companies, retainage payments make up most or all of their profit margin: Failing to collect their retained funds means losing money on the project. It could also apply lower retainage rates to materials and higher ones to labour, helping cover upfront costs that have lower profit margins.

Cash Flow 147
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3 Ways to Reduce Payment Risk With The New Tariffs And Rising Construction Costs

Levelset

Contractors operate with low profit margins as it is, so absorbing the increased cost of materials and labor is usually not an option. Protect your Lien Rights Protecting your lien rights is one of the most critical steps in protecting your right to payment for what has been delivered to a job site.

Risk 40
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Selling a House with Solar Panels is Not for the Faint of Heart

Green Building Law Update

That fixture filing is in most states a lien or encumbrance against the system. The solar lease, as well as any power purchase agreement need to be considered in light of federal and state law (including tax laws) that stimulate new possibilities including create profit. Many of the companies engaged in this business (.

Leases 232
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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. In CO, if a contractor or sub hasn’t been paid, they can file a VSOC with the public entity in charge of the project.

Claims 52
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7 Things Contractors Need to Know About Retainage

Fieldwire

For many construction businesses, the retainage payment accounts for their entire profit margin on the project. Retainage does not extend the mechanics lien deadline A mechanics lien is perhaps the most powerful tool that contractors have to force payment. Mechanics lien laws have specific deadlines that contractors must follow.

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Selling a House with Solar Panels is Not for the Faint of Heart

Green Building Law Update

That fixture filing is in most states a lien or encumbrance against the system. The solar lease, as well as any power purchase agreement need to be considered in light of federal and state law (including tax laws) that stimulate new possibilities including create profit. Many of the companies engaged in this business (.

Leases 179