Remove Claims Remove Lien Remove New Hampshire Remove Security
article thumbnail

#123:  Bonding Around a Mechanic's Lien

NH Construction Law

When a general contractor or lower tier subcontractor or supplier records a mechanic’s lien attachment on property, security for the lienor’s hoped-for judgment is achieved – but often something more, and perhaps unintended, is achieved. Consolidated Electrical Distributors Inc. Eclipse Construction, Inc. ;

Lien 40
article thumbnail

#72:  Determining the Amount of a Mechanic's Lien

NH Construction Law

The owner then counterclaims for the cost of correcting items of poor workmanship and for the cost of completing the unfinished work (which the owner claims will exceed the unpaid contract balance), and perhaps for delay damages as well. The lien is a matter of right so long as it is timely and properly perfected. D ’ Amour , No.

Lien 40
professionals

Sign Up for our Newsletter

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

article thumbnail

#86:  Mechanic's Lien Deadlines and Additional Work

NH Construction Law

The requirement in RSA 447:9 that a mechanic’s lien must be secured within 120 days of the lienor’s last furnishing of labor or materials has occasionally spawned disputes over what counts as that last day. ’ Work of that nature could be found not to be such as to extend the duration of plaintiff’s lien.”

Lien 40
article thumbnail

#122:  Construction Loan Disbursement Pitfalls

NH Construction Law

Banks insist on this as a way to ensure that the mortgages securing their construction loans are supported by enough value on the ground to collateralize repayment. New Hampshire Savings Bank , 131 N.H. Nor does a negligence claim against the inspector appear promising. That puts the owner/borrower in a pickle.

Banking 40
article thumbnail

#83:  The Impact of Bankruptcy on Perfecting a Mechanic's Lien

NH Construction Law

As discussed in an earlier blog (#60), in order to “perfect” a mechanic’s lien in New Hampshire the lienor must institute court action for the purpose of getting an attachment order, Topjian Plumbing Heating, Inc. ” Our question is whether New Hampshire’s mechanic’s lien statute is such a law.

Lien 40
article thumbnail

State by State Incentives Guide

Buisness Facilities Contributed Content

State Credits available against the Corporate Income Tax: Education Credit (AS 43.20.014): Taxpayers that contribute to vocational education programs or accredited Alaska universities or colleges for educational purposes or facilities may claim a tax credit for 50% of the first $100,000, 100% of the next $200,000, and 50% of further contributions.

Income 108
article thumbnail

STATE INCENTIVES GUIDE

Buisness Facilities Contributed Content

The credit is valued at up to $9,000 over a 3-year period per each new employee and offers a 5-year carry forward provision for any unused tax credits. The program is capped at 10,000 new jobs being claimed each year by all participants; whereas a taxpayer is limited to a maximum of 400 new jobs per year.

Income 75