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Payment Applications 101: A Guide to Pay Apps in Construction

Fieldwire

Change orders : A change order is a written agreement between the owner or architect and the contractor that changes the contract amount, work requirements, and/or schedule. Conditional lien waivers : A lien waiver is a document that waives the signing party’s right to file a mechanics lien.

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#66:  Labor Inefficiency Costs: Who Pays? How Much?

NH Construction Law

Among the possible reasons a project might cost more to build than anticipated is diminished labor productivity occasioned by unforeseen space or time constraints. But a recent case suggests that such a lien may be granted if the owner has a cost-plus or “time and materials” arrangement. See Town of Bedford v.

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The Real Lemon in the Bunch: Understanding Pay-If-Paid Clauses in Construction Contracts

Best Practices Construction Law

Contractors have a means of shifting the risk of non-payment by the owner to its subcontractor by including a certain payment provisions in the subcontract agreement. In Universal Concrete Products Corp. The enforceability of these types of clauses may be limited by your particular state or jurisdiction. However, in Thomas J.

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Construction Company Failure Root Causes

Contractor Bookkeeping

Three Steps To A Paradigm Shift: #1 Unfreeze - Being open to a new idea that is in agreement with your core values. #2 2 Change State - Arriving at a new understanding about something. Not using Additional Work Orders or Change Orders (Click For FREE Change Order Template).

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We Reduce Construction Company Start Up Stress

Contractor Bookkeeping

Your contracts need a well-defined scope of work, clear payment terms, a reasonable schedule and a good change order clause. No work should ever be performed based on verbal agreements. Marketing | Accounting | Production M.A.P. - Lien Waiver - Do not ever give a lien waiver in advance of the check clearing the bank.

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Starting Profitable Construction Company Unique Secrets Revealed

Contractor Bookkeeping

There are links to other resources included in this article and it is put together in the order of importance. Three Steps To A Paradigm Shift: #1 Unfreeze - Being open to a new idea that is in agreement with your core values. #2 2 Change State - Arriving at a new understanding about something. Setup your partnership agreements.

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Process Dependent Vs. People Dependent Increases Contractor's Profits

Contractor Bookkeeping

There Are Three Steps To The Contractor Paradigm Shift: #1 Unfreeze - Open the portals of your mind and be open to new ideas and test them to determine if they are in agreement with your core values. #2 2 Change State - Arrive at a new understanding about something. Changes in their operations due to contingencies beyond their control.