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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. It is governed by the contract, which means it’s part of the agreement between two parties. Retainage is up for negotiation Retainage is not set in stone.

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The Preconstruction Phase: Understanding the Process & Risks

Levelset

Deep dive – Scope of Work: 6 Things Every Construction Agreement Should Include. There are two critical components of the preconstruction phase: The preconstruction manager The preconstruction meeting. What does a preconstruction manager do? Managing financial risk during preconstruction. Learn more.

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Assignment of Benefits for Contractors: Pros & Cons of Accepting an AOB

Levelset

An assignment of benefits , or AOB, is an agreement to transfer insurance claim rights to a third party. A property owner and contractor can set up an assignment of benefits in two steps: The owner and the contractor sign an AOB agreement The contractor sends the AOB to the insurance company. The AOB agreements need to be in writing.

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constructionattorneyblog: illinois supplier denied mechanics lien

Construction Lawyer

You are not our client and we are not your attorneys unless and until you enter into a written retainer agreement with us. In other words, you use the stuff we post here at your own risk. illinois supplier denied mechanics lien. Hillside filed a counterclaim to foreclose its mechanics lien. National City Mortgage v.

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

NH Construction Law

Sometimes this unanticipated time/space compression is the owner’s fault, in which case the general contractor/construction manager and its subcontractors will likely be entitled to increased compensation by change order or otherwise -- and to a mechanic’s lien if that increase is not paid. See Town of Bedford v.

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constructionattorneyblog: Subcontractor's Mechanics lien allowed.

Construction Lawyer

You are not our client and we are not your attorneys unless and until you enter into a written retainer agreement with us. In other words, you use the stuff we post here at your own risk. LEED project managment software » May 21, 2009. Subcontractors Mechanics lien allowed where bank seized generals funds.

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Idle Equipment not entitled to Lien in Missouri

Construction Lawyer

You are not our client and we are not your attorneys unless and until you enter into a written retainer agreement with us. In other words, you use the stuff we post here at your own risk. Idle Equipment not entitled to Lien in Missouri. April 20, 2009 in litigation , mechanics liens | Permalink. Concord , 269 S.W.3d

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