article thumbnail

Texas Homestead Lien Rules & Requirements

Levelset

Mechanics liens are among the most powerful tools for contractors to ensure they get paid what they’ve earned on a construction project. In Texas, contractors must send multiple notices and meet strict deadlines to preserve their right to a lien if they need to file one. Rules & requirements for a homestead lien.

Lien 52
article thumbnail

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

Best Practices Construction Law

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.

Lien 71
professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

7 Things Contractors Need to Know About Retainage

Fieldwire

It is governed by the contract, which means it’s part of the agreement between two parties. Or it could mean that a different rate applies to labor and materials. This can help contractors cover up-front costs due for construction materials, where margins are lower. Retainage is up for negotiation Retainage is not set in stone.

article thumbnail

#82:  Extending the Deadline for Securing a Mechanic's Lien

NH Construction Law

RSA 447:9 and :10 provide that a mechanic’s lien must be secured through an attachment of the property improved within 120 days of the lienor’s last furnishing of labor or materials. I conclude that the 120-day deadline for an attachment to perfect a mechanic’s lien may be extended by agreement with the owner.

Lien 40
article thumbnail

Payment Applications 101: A Guide to Pay Apps in Construction

Fieldwire

With progress billing, contractors submit a new payment application before the deadline of each pay period for the work completed and materials purchased in that period. 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.

Lien 98
article thumbnail

Louisiana Suppliers – Extra Notice Needed for Lien Rights

Construction Law Monitor

Over the past holiday season, I was at a Christmas party discussing with a friend of mine who runs an electrical supply company here in South Louisiana, the intricacies of notice provisions before a company like his can file a lien on a private project. MATERIAL SUPPLIERS ( see La R.S. EQUIPMENT RENTAL ( see La R.S. 9:4802(G)(1) ).

Lien 76
article thumbnail

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

Levelset

Without a contingency, unforeseen costs like material price increases may cause the project to go over budget, thereby blocking or delaying completion. . Incorporating a contingency reserve, like a construction allowance , into the loan is often used to reduce the impact of rising material costs. Failing to protect lien rights.