Wolgast Corporation
NOVEMBER 28, 2022
Liens Can Wreak Havoc on Funding. On top of that, that they expect you, the owner, to guarantee to the Bank and the Title Company that the project will be lien-free during construction. The lien laws protect people that supply the resources to build a building. By Brian Stadler, Wolgast President & CEO.
Levelset
MARCH 21, 2022
Meanwhile, you’re incurring expenses that drain your bank account, like purchasing materials and paying employees. To cover these expenses, restoration contractors need to manage their cash flow to ensure they have enough money in the bank — especially when the insurance company is dragging their feet. Protect your lien rights.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Levelset
MAY 23, 2022
From buying materials to hiring crews, business begins when cash flows. Protect your lien rights. Mechanics lien rights are a tool to help the construction industry get paid for its work. In many states, preliminary notices are required to establish the right to file a lien, if needed, for nonpayment. Get materials now.
Levelset
OCTOBER 19, 2022
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.
NH Construction Law
FEBRUARY 25, 2023
A common feature of residential construction loans is the requirement for periodic inspections of the progress of work, usually by an independent inspection company hired by the bank, before disbursements are made. New Hampshire Savings Bank , 131 N.H. ” And such a voluntary undertaking is exceedingly rare.
NH Construction Law
OCTOBER 30, 2021
A few years back I blogged ( #44 ) on the relative priorities of construction mortgages and mechanic’s liens under RSA 447:12-a. Regardless of who recorded first at the registry of deeds, that statute affords priority to mechanic’s liens except in two scenarios. Shawmut Bank , 139 N.H. 50 (1994), says that it is not.
Levelset
APRIL 5, 2022
Bigger projects require more materials and more labor, which means higher cash requirements. In this article, we’ll explore some strategies to help you keep money in the bank. This is happening a lot these days, especially with the rise in building materials costs. Finance material purchases. But what about cash flow?
Expert insights. Personalized for you.
116 
Let's personalize your content