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#130:  Secured Lenders' Rights to Construction Contract Payments

NH Construction Law

It happens this way: A contractor or subcontractor borrows money from a lender, and as security for the loan it gives the lender an assignment of or lien on its receivables and contract rights. Any subsequent square-up was between lender and borrower, and not the account debtor’s concern. Not unless he is prepared to pay twice!

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Construction Estimating

Chianelli Estimating

Many times those costs are not recovered, however; they could make the difference in keeping the Builder or Owner solvent or ending up with a failed project or worse yet bankruptcy. A good estimate requires time to develop which directly effects the Owner’s, Contractor’s, Architect’s and Engineer’s cost of doing business.

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constructionattorneyblog: Waivers of liens: fraud

Construction Lawyer

Only a knowledgeable attorney can apply the information here to your particular matter, taking into account the laws of your jurisdiction. Waivers of liens: fraud. Listed below are links to weblogs that reference Waivers of liens: fraud : Recent Posts. ILLINOIS APPELLATE COURT DEEMS MECHANICS LIEN COUNTERCLAIM UNTIMELY.

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constructionattorneyblog: New York court holds that contractor.

Construction Lawyer

Only a knowledgeable attorney can apply the information here to your particular matter, taking into account the laws of your jurisdiction. New York court holds that contractor installing cogeneration system not entitled to a mechanics lien.   Chapeau filed bankruptcy. mechanics liens. So dont say we didnt warn you.

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Seventh Circuit examines "pay-if-paid" provision

Construction Lawyer

Only a knowledgeable attorney can apply the information here to your particular matter, taking into account the laws of your jurisdiction. Fidelity had issued a payment bond, but Fidelity refused to pay after the owner declared bankruptcy, and BMD sued Fidelity. ILLINOIS APPELLATE COURT DEEMS MECHANICS LIEN COUNTERCLAIM UNTIMELY.

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How to Start a Painting Business: 9 Keys to Growth & Success

Levelset

Obtain a business bank account and any software or staff you’ll need for accounting and bookkeeping. It’s important to keep your business’ finances separate from your personal accounts. If you start growing without proper financial management, you will quickly find your company out of cash and in bankruptcy court.

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How to Start a Plumbing Business: 9 Tips for Growth

Levelset

Obtain a business bank account and any software or staff you’ll need for accounting and bookkeeping. It’s important to keep your business’ finances separate from your personal accounts. If you start growing without proper financial management, you will quickly find your company out of cash and in bankruptcy court.