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The Bird Box Dilemma: When False Pay Apps and Lien Waivers Are Not Fraudulent Inducement

Best Practices Construction Law

In a recent case, Wollaston Industries v. Under Massachusetts law (like most states), in order to prevail on a claim for fraudulent inducement, a plaintiff must allege a false representation, material to the negotiations, upon which the plaintiff reasonably relied in entering into an agreement with the defendant. Mass) (Dec.

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Owners Can Get Cake and Icing Under New Tennessee Lien Law

Best Practices Construction Law

The new statute, signed into in May 2018, immediately created a cause of action providing for remedies for the successful challenge of the validity of a lien against a property. 4) Any actual damages incurred by the owner. 4) Any actual damages incurred by the owner.

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7 Things Contractors Need to Know About Retainage

Fieldwire

Construction is one of the hardest industries to manage cash flow in, with contractors often facing large up-front costs and frequent, long delays between expenses and payment. The industry’s retainage practices throw another wrinkle into the process. Mechanics lien laws have specific deadlines that contractors must follow.

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Mayer Building Company for Subcontractors: Payment Guide & Resources

Levelset

Digging deeper into company processes for payment, change orders, lien waivers, and more will give you a sense of what to expect while working with them. . Before you begin to work on a project, MBC will require you to provide the following documentation: Executed subcontractor agreement Certificates of insurance Submittals W-9.

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Payment Applications 101: A Guide to Pay Apps in Construction

Fieldwire

In most industries, requesting payment is as simple as sending a bill or invoice for work you’ve completed. 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. There are several types of lien waivers.

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How to Manage Compliance for Construction Success

Viewpoint Construction Technology

Construction management is challenging, in no small part because the industry is governed by a plethora of regulations. Regulatory compliance may seem daunting, especially for those new to the construction industry. Wage and union payroll agreements. Lien requirements. Building codes. Credit and background checks.

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Joint Check Agreements On Construction Projects: What Suppliers Need To Know

Construction Law Monitor

Joint check agreements are very popular in the construction industry. In fact, many folks mistakenly believe that joint check agreements are exclusively a construction industry instrument. Perhaps the joint check agreement is the most misunderstood and dangerous document you can confront on a construction project.