Remove 2021 Remove Accounting Remove Claims Remove Subcontracting
article thumbnail

Texas ‘Retainage’ vs. ‘Reserved Funds’: What’s the Difference & Why it Matters

Levelset

In 2021, Texas enacted some sweeping changes to the mechanics lien process effective on projects where the original contract was entered into on or after January 1, 2022. ” To sum up, property owners in Texas are required to withhold 10% of the contract price to cover any potential claims from subcontractors or suppliers on the project.

Texas 52
article thumbnail

The Best Way for Trade Contractors to Stay Out of the Courtroom

Pro Builder

Tue, 07/20/2021 - 07:00. That’s because abundant clarity means both parties know exactly what they are accountable for. . In a contract, abundant clarity means both parties know exactly what they are accountable for. The Best Way for Trade Contractors to Stay Out of the Courtroom. Karalynn Cromeens. Yes, You Need One .

professionals

Sign Up for our Newsletter

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

article thumbnail

Construction Jobsite Safety: Strategies and Resources for Worker Well-Being

Pro Builder

Falls, alone, account for up to 70% of construction-related injuries and deaths, according to Dr. Dong Zhao of Michigan State University, who has been analyzing BLS data to determine why construction accidents keep happening and to discover or refine preventive measures. Construction Worker Suicide: A Fragile Balance.

Safety 72
article thumbnail

#103:  Contracting Online

NH Construction Law

557 (2021), the Court declined to enforce an arbitration clause in Uber’s online terms and conditions. Its website alerted consumers that “By creating an Uber account, you agree to the Terms & Conditions and Privacy Policy,” which were viewable by clicking a hyperlink. In Kauders v. Uber Technologies, Inc. ,

article thumbnail

The Home Building Technology Revolution, Part III: The Missing Link

Pro Builder

Thu, 03/11/2021 - 06:00. Now consider the software side, which deals with the home building process —anything from back-office accounting, purchase orders (POs) and variance purchase orders (VPOs), options and selections management, sales management, scheduling, warranty management, and BIM (building information modeling), etc. .

Software 105