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Accounting for Retention Receivable & Payable: A Contractor’s Guide

Levelset

In an attempt to hold contractors accountable, many projects use retention holdbacks, also known as retainage. These holdbacks need to be accounted for by every party to a project: owner, general contractor, and subcontractor. Retention receivable and payable is different from accounts receivable and payable. View profile.

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5 Ways to Improve Cash Flow in Your Construction Business

Levelset

Establish consistent accounting procedures. Measuring what money comes in (accounts receivable) and what goes out (accounts payable) is key to ensuring healthy cash flow. Creating consistent accounting procedures is key to knowing how much money you have going out and coming into your business. Protect your lien rights.

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constructionattorneyblog: illinois supplier denied mechanics lien

Construction Lawyer

The information provided here is not intended to be a solicitation for legal services, nor does it constitute legal advice. You should consult an attorney licensed in your jurisdiction before using any of the information contained at this site. illinois supplier denied mechanics lien. So dont say we didnt warn you.

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constructionattorneyblog: Subcontractor's Mechanics lien allowed.

Construction Lawyer

The information provided here is not intended to be a solicitation for legal services, nor does it constitute legal advice. You should consult an attorney licensed in your jurisdiction before using any of the information contained at this site. Subcontractors Mechanics lien allowed where bank seized generals funds. Francis , No.

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Idle Equipment not entitled to Lien in Missouri

Construction Lawyer

The information provided here is not intended to be a solicitation for legal services, nor does it constitute legal advice. You should consult an attorney licensed in your jurisdiction before using any of the information contained at this site. Idle Equipment not entitled to Lien in Missouri. So dont say we didnt warn you.

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How To Negotiate A Higher Credit Limit With Your Building Material Supplier

Levelset

If your credit limit hasn’t been raised recently, it may be based on outdated financial statements — the ones you provided when you originally opened the account. Levelset’s Contractor Profiles provide information on a contractor’s payment history, lien claims, and reviews from other contractors and suppliers.

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Leasing Equipment in Louisiana? How To Protect Your Lien Claim

Construction Law Monitor

There is likely no answer for you under the lien law – unless you filed a notice of lease agreement with the owner within the appropriate time frame. We do prefer that you use a cover sheet to inform the owner and contractor of the purpose of the delivery, reserving your rights under either La. What do you do?

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