Lets Build

APRIL 6, 2022

Large upfront costs and long waiting periods between payments are a normal occurrence; retainage adds to this cash flow problem for contractors and project managers. The purpose of retainage is to reduce the owner’s risk of a contractor not completing the project to their specifications. Retainage and mechanic’s liens.

Cash Flow 147

Cash Flow Lien Construction Negotiation 147

Autodesk Construction Cloud

FEBRUARY 1, 2024

The inherent business-breaking risk can even lead many subcontractors to refrain from bidding on projects if a general contractor or an owner has a reputation for slow payments. That’s why I’m thrilled we announced Autodesk’s intent to acquire Payapps Limited , a leading global provider of construction payment management solutions.

Autodesk 87

Autodesk Cash Flow Construction Risk 87

Levelset

FEBRUARY 15, 2022

Keep reading as we drill down deeper on the design development phase, including the work performed and how businesses can mitigate risk. The American Institute of Architects (AIA) produced this helpful checklist of activities to manage quality during the design development phase of a project. Risks of the design development phase.

Design 52

Design Lien Budgeting Budget 52

Levelset

MARCH 16, 2022

Also, the general contractor or project manager will check on the subs constantly to ensure that they’re doing the work according to the contract, staying on top of deadlines, and maintaining the budget. While the contractors and subs are working on building the structure, the management team is assessing their progress.

Lien 52

Lien Construction Budgeting Budget 52

Construction Lawyer

MARCH 13, 2012

In other words, you use the stuff we post here at your own risk. illinois supplier denied mechanics lien. An Illinois appellate court has affirmed the trial court's summary judgment against a lumber company's mechanics lien. Hillside filed a counterclaim to foreclose its mechanics lien. National City Mortgage v.

Lien 40

Lien Illinois AIA Chicago 40

Construction Cost Estimating

NOVEMBER 8, 2013

Textura Corporation, the most recognized collaboration solutions provider for the construction industry, just introduced Textura-CPM, the powerful construction payment management system, for developing the payment process for effective construction management.

Management 45

Management Cash Flow Construction Lien 45

Levelset

APRIL 15, 2022

If the insurance company is dragging their feet, a restoration contractor can still likely file a mechanics lien on the property. AOBs and mechanics liens. A mechanics lien is hands down a contractor’s most effective tool to ensure they get paid for their work. Learn more: How to calculate your collection effectiveness.

Insurance 52

Insurance Contractors Lien Claims 52

Levelset

AUGUST 16, 2022

However, larger projects come with greater risks and additional challenges. Large, multi-year projects are also more likely to face risks from potential economic changes, supply chain issues, and other unforeseen pressures that can threaten them. GCs can also purchase subcontractor default insurance to reduce this risk.

Risk 52

Risk Cash Flow Construction Banking 52

Construction Lawyer

MAY 21, 2009

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. 107108 (May 21, 2009), has ruled in favor of the subcontractor in enforcing a mechanics lien. University of St. Francis , No.

Lien 40

Lien Illinois AIA Chicago 40

NH Construction Law

APRIL 26, 2018

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.

Lien 40

Lien Compensation Change Orders Subcontracting 40

Levelset

AUGUST 15, 2022

In fact, many contractors and credit managers alike may come up against a number of challenges when it comes to figuring out a business’ creditworthiness. Long-time credit manager and construction consultant Thea Dudley noted what she sees as some common challenges people run into when trying to ascertain a company’s credit situation.

Construction 52

Construction Lien Contractors Management 52

Construction Lawyer

APRIL 20, 2009

In other words, you use the stuff we post here at your own risk. Idle Equipment not entitled to Lien in Missouri. A Missouri court has affirmed a trial court ruling in favor of a lien claimant, but at an amount reduced by the trial court to reflect the value of the idle time for the equipment. mechanics liens. Categories.

Lien 40

Lien Missouri Equipment Illinois 40

Levelset

MAY 2, 2022

Contractors trying to grow their business and take on larger projects often struggle to manage their cash flow to purchase the materials they need. Levelset’s Contractor Profiles provide information on a contractor’s payment history, lien claims, and reviews from other contractors and suppliers. Get more trade preferences.

Negotiation 52

Negotiation Materials Cash Flow Finance 52

Construction Lawyer

MAY 13, 2009

In other words, you use the stuff we post here at your own risk. Risks in LEED design. There is an interesting discussion of some issues and risks to design professionals involving LEED projects at [link]. Architects often underestimate the risks associated with LEED projects. mechanics liens. Categories.

Risk 40

Risk Design Illinois AIA 40

Construction Lawyer

JULY 24, 2009

In other words, you use the stuff we post here at your own risk. « Subcontractors Mechanics lien allowed where bank seized generals funds | Main. LEED project managment software. This post by Houston Neal covers construction project management software used to track LEED credits. mechanics liens. Categories.

Project Management 40

Project Management Software Software Management 40

Levelset

APRIL 28, 2022

While general contractors commonly use performance bonds to reduce the risk of default, a bond ultimately protects the property owner, not the GC. In addition, SubGuard does not provide protection against mechanics liens from unpaid second-tier subs and suppliers. Ty Moffett, Bond Department Manager at A.G.

Insurance 52

Insurance Contractors Claims ABC 52

Autodesk Construction Cloud

DECEMBER 18, 2021

Risk assessment is the fifth step and requires you to identify potential risks or liabilities that could arise in the future. Step six is to write up a final report outlining each of the previous steps for upper management. Your designers, accountants, and managers all need to play a role in the closeout process.

Change Orders 52

Change Orders Documentation Equipment Risk 52

Levelset

JUNE 6, 2022

Managing slow payment cycles. Contractors must weigh whether to use a mechanics lien to protect their payment rights. This gets sticky because it often takes longer to get paid retention than the lien deadline allows. When the retention payment is made, it is posted against accounts payable to clear the amount owing.

Accounting 98

Accounting ABC Banking Liability 98

Construction Lawyer

SEPTEMBER 22, 2005

In other words, you use the stuff we post here at your own risk. Waivers of liens: fraud. The Bankruptcy Court for the Northern District of Illinois recently ruled that a contractor who falsified waivers of lien engaged in fraudulent conduct and his debt to the bank was non-dischargeable. mechanics liens. Categories.

Lien 40

Lien Illinois AIA Chicago 40

Autodesk Construction Cloud

JULY 7, 2022

Their teams and budgets are leaner, so every investment must be carefully considered—particularly when it comes to tools like construction management software. . Digital solutions have become “must” haves (vs “should” haves) for construction management over the last few years. What to Look for In Construction Management Software.

Software 105

Software Software Management Construction 105

Construction Lawyer

OCTOBER 6, 2012

In other words, you use the stuff we post here at your own risk. ILLINOIS APPELLATE COURT DEEMS MECHANICS LIEN COUNTERCLAIM UNTIMELY. Jurado , which involved competing lien claims.    The defendant, RBM Development, held a mechanics lien on the subject property. 

Illinois 40

Illinois Lien Banking AIA 40

Levelset

AUGUST 5, 2022

It can be scary just to think about the amount of work and the risks involved. For example, here’s a recommended breakdown of a principal architect’s hours: 25% marketing and business development (bringing in new work) 25 to 35% administrative and financial tasks, team management 40 to 50% architecture and design.

Architecture 52

Architecture Cash Flow Income Lien 52

Construction Lawyer

APRIL 30, 2012

In other words, you use the stuff we post here at your own risk. New York court holds that contractor installing cogeneration system not entitled to a mechanics lien. A New York court has held that a subcontractor who furnished labor and materials for a cogeneration system was not entitled to a mechanics lien.

New York 40

New York Lien Contractors Illinois 40

Levelset

OCTOBER 19, 2022

However, before starting work on a building financed with a construction-to-permanent loan, both property owners and contractors need to understand the risks. Contractor risks with a construction-to-permanent loan. There are common risks that are prevalent in every construction loan program. Failing to protect lien rights.

Contractors 98

Contractors Lien Construction Finance 98

Autodesk Construction Cloud

NOVEMBER 15, 2021

Today’s guest, Karalynn Cromeens , Owner & Managing Partner at The Cromeens Law Firm , joins the show to share the steps everyone can take to make contracts more straightforward and less contentious. Karalynn Cromeens, Owner & Managing Partner, The Cromeens Law Firm. On this podcast episode. Make sense of your contracts.

Contract 52

Contract Contractors Negotiation Subcontracting 52

Construction Cost Estimating

MAY 19, 2012

Sage, a trust worthy supplier of accounting and business management software , launched Sage 100 Contractor. Sage 100 Contractor contains more improved service management, vendor, reporting and other capacities to augment the effectiveness of the users.

Sage 45

Sage Estimating Contractors Accounting 45

Levelset

APRIL 1, 2022

Luckily, there are insurance policies that will replace the cost of the stolen goods, such as builders risk insurance. There’s no telling what the price might do before the check arrives, and that’s a risk smart builders won’t take. Construction theft isn’t new, but it can be manageable. Impact of construction site theft.

Site 52

Site Cash Flow Insurance Construction 52

Construction Marketing Ideas

MARCH 16, 2016

This cascade of events led to non payments, and both the steel sub and the HVAC sub filed mechanic’s liens against the project. There are many pieces of documentation that support the drawings and each of those pieces come with their own risks–chief among them being time. HOW TO MANAGE THE RFI PROCESS.

ProCore 48

ProCore News Drawings Documentation 48

Construction Lawyer

JULY 20, 2012

In other words, you use the stuff we post here at your own risk. « Seventh Circuit addresses duties of construction manager to injured worker; analysis of Local Rule 56.1 | Main. The question became whether the general or the subcontractor would bear the risk of loss. Additional transfer-of-risk language is not necessary.

Illinois 40

Illinois Subcontracting Liability AIA 40

Contractor Bookkeeping

JUNE 20, 2014

The only thing you know is your old boss was a terrible business manager and anyone could do better than that. If you are thinking of doing your own bookkeeping think again, your time is more valuable in managing your business, getting customers and keeping them happy. What To Do Next - You have never run a business.

Insurance 48

Insurance Construction Accounting Claims 48

Levelset

SEPTEMBER 28, 2022

The Lien Zone. Alex Barthet is a board certified construction lawyer and a mechanical engineer, making him an excellent fit to host The Lien Zone , which covers technical and legal questions related to construction law. Where to listen : Apple Podcasts | Spotify. Episode runtime : 10–45 minutes. Release schedule : Monthly.

Construction 52

Construction Schedule Safety Industrial 52

Construction Lawyer

JUNE 27, 2012

In other words, you use the stuff we post here at your own risk. Seventh Circuit addresses duties of construction manager to injured worker; analysis of Local Rule 56.1 ILLINOIS APPELLATE COURT DEEMS MECHANICS LIEN COUNTERCLAIM UNTIMELY. mechanics liens. The laws of each state are different and each situation is unique.

Illinois 40

Illinois AIA Chicago Legal 40

Construction Lawyer

APRIL 27, 2012

In other words, you use the stuff we post here at your own risk. New York court holds that contractor installing cogeneration system not entitled to a mechanics lien » April 27, 2012. ILLINOIS APPELLATE COURT DEEMS MECHANICS LIEN COUNTERCLAIM UNTIMELY. mechanics liens. Fiduciary Duty by Design Professionals?

Design 40

Design AIA Illinois San Diego 40

Construction Lawyer

MARCH 16, 2012

In other words, you use the stuff we post here at your own risk. « illinois supplier denied mechanics lien | Main. ILLINOIS APPELLATE COURT DEEMS MECHANICS LIEN COUNTERCLAIM UNTIMELY. Seventh Circuit addresses duties of construction manager to injured worker; analysis of Local Rule 56.1. mechanics liens.

Contract 40

Contract Illinois AIA Chicago 40

Contractor Bookkeeping

JUNE 15, 2012

The only thing you know is your old boss was a terrible business manager and anyone could do better than that. If you are thinking of doing your own bookkeeping think again, your time is more valuable in managing your business, getting customers and keeping them happy. What To Do Next - You have never run a business.

Contractors 48

Contractors Insurance Claims Lien 48

Construction Lawyer

MAY 20, 2009

In other words, you use the stuff we post here at your own risk. « Risks in LEED design | Main. May 20, 2009 in litigation , mechanics liens | Permalink. ILLINOIS APPELLATE COURT DEEMS MECHANICS LIEN COUNTERCLAIM UNTIMELY. mechanics liens. The laws of each state are different and each situation is unique.

Illinois 40

Illinois AIA Chicago Lien 40

Construction Lawyer

MAY 13, 2009

In other words, you use the stuff we post here at your own risk. Risks in LEED design » May 13, 2009. May 13, 2009 in arbitration , litigation , mechanics liens | Permalink. ILLINOIS APPELLATE COURT DEEMS MECHANICS LIEN COUNTERCLAIM UNTIMELY. mechanics liens. A California case, Manhattan Loft v. Categories.

Illinois 40

Illinois AIA Chicago Lien 40