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7 Things Contractors Need to Know About Retainage

Fieldwire

For many construction businesses, the retainage payment accounts for their entire profit margin on the project. It is governed by the contract, which means it’s part of the agreement between two parties. Mechanics lien laws have specific deadlines that contractors must follow.

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Proactive Contractors Use Lien Services To Protect Cash Flow

Contractor Bookkeeping

Proactive versus reactive are the two methods of getting something done. I find everyone works in a combination of both, I included. Proactive is scheduling and doing everything ahead of time. Nothing is ever waiting until the last minute. Reactive is more emergency driven and are things that need to be done now.

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Assignment of Benefits for Contractors: Pros & Cons of Accepting an AOB

Levelset

An assignment of benefits , or AOB, is an agreement to transfer insurance claim rights to a third party. A property owner and contractor can set up an assignment of benefits in two steps: The owner and the contractor sign an AOB agreement The contractor sends the AOB to the insurance company. The AOB agreements need to be in writing.

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constructionattorneyblog: illinois supplier denied mechanics lien

Construction Lawyer

You are not our client and we are not your attorneys unless and until you enter into a written retainer agreement with us. Only a knowledgeable attorney can apply the information here to your particular matter, taking into account the laws of your jurisdiction. illinois supplier denied mechanics lien. National City Mortgage v.

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Leasing Equipment in Louisiana? How To Protect Your Lien Claim

Construction Law Monitor

There is likely no answer for you under the lien law – unless you filed a notice of lease agreement with the owner within the appropriate time frame. Finally, the Notice of Lease Agreement does not have to be in any specific form – simply a copy of the contract should suffice. What do you do?

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constructionattorneyblog: Subcontractor's Mechanics lien allowed.

Construction Lawyer

You are not our client and we are not your attorneys unless and until you enter into a written retainer agreement with us. Only a knowledgeable attorney can apply the information here to your particular matter, taking into account the laws of your jurisdiction. Subcontractors Mechanics lien allowed where bank seized generals funds.

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Idle Equipment not entitled to Lien in Missouri

Construction Lawyer

You are not our client and we are not your attorneys unless and until you enter into a written retainer agreement with us. Only a knowledgeable attorney can apply the information here to your particular matter, taking into account the laws of your jurisdiction. Idle Equipment not entitled to Lien in Missouri. mechanics liens.

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