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Mayer Building Company for Subcontractors: Payment Guide & Resources

Levelset

We’ve put together this guide to provide you with the information you need to decide if working with Mayer Building Company is the right choice for you. . Taking a closer look at the terms of a typical contract will provide you with important information about insurance, safety, dispute resolution, and more. Read a sample subcontract.

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Payment Applications 101: A Guide to Pay Apps in Construction

Fieldwire

But a pay app is actually a collection of supporting documents that first and second tier contractors submit to request payment. The construction contract will typically define the process for submitting a pay app, the documents to include, and the deadline for submission. Contractors get paid for the work they document.

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How to Manage Compliance for Construction Success

Viewpoint Construction Technology

Common regulations in the construction industry include: Contractual agreements between owners, contractors and subcontractors. Wage and union payroll agreements. Lien requirements. Disseminating compliance information and collecting data via paper often leads to delays, lost information and outdated documents.

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How a Construction-to-Permanent Loan Impacts Contractors & Lenders

Levelset

Contractors need to pay close attention to detail in their project documentation and draw requests. Improper project documentation or budgeting. Cost-plus agreements raise the chance of default. These agreements are lawful, but may be detrimental to a lender’s bottom line. Failing to protect lien rights.

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What Contractors Need to Know About Surety Bonds

Construction Marketing

If you learn that you need to purchase a surety bond to work as a contractor or to enter into a contract to perform work on a project, here is some information you should know about surety bonds and how they work for contractors. Contact a surety company and submit a bond application together with your financial documents.

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constructionattorneyblog: illinois supplier denied mechanics lien

Construction Lawyer

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. illinois supplier denied mechanics lien. Hillside filed a counterclaim to foreclose its mechanics lien.

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A Contractor’s Guide to Homeowner’s Insurance: Is Your Project Covered?

Levelset

Note that a Policy Declarations page offers summary information about coverages at inception and renewal. This snapshot won’t provide you with the information needed to have a deeper understanding of how everything works if a customer suffers property damage and considers filing a claim. Insuring agreement.