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Missed Your Lien Deadline – What Now?

Construction Law Monitor

True: deadlines dictate when it comes to securing your lien rights. In the construction world, there is no doubt that the deadlines for securing your lien rights are rigid and unforgiving. If you have not filed your lien by the applicable date, you have relinquished that right permanently. The “Back Door Lien”.

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constructionattorneyblog: Subcontractor's Mechanics lien allowed.

Construction Lawyer

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. 107108 (May 21, 2009), has ruled in favor of the subcontractor in enforcing a mechanics lien. University of St.

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4 Factors Underwriters Consider When Issuing a Construction Bond

Levelset

The surety is also likely to explore a contractor’s payment history on past projects — an inability to make on-time payments to subcontractors and suppliers can increase the risk of mechanics liens or bond claims. . You can calculate your working capital by adding your cash on hand with your accounts receivable that are under 90 days.

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Digital Builder Podcast Ep 22: How Specialty Contractors Can Navigate Contracts & Get Paid On Time

Autodesk Construction Cloud

The difference between secured and unsecured debts. You are owed a debt. Unsecured credit means the debt is not tied to any collateral. You can collect on the debt by taking things to court, obtaining a judgment, and finding assets to collect the amount owed. A home mortgage is a common example of secured debt.

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What is PACE Financing and Is It Doomed?

Construction Law Monitor

Well, PACE loans create a lien against properties similar to a tax lien, meaning that the lien has priority over all other debts (including mortgages). The post discussed a report published by NPR saying that green building accounts for 33% of new construction in the United States. Think Again.

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Preliminary Notice and Mechanics Lien Compliance: How?

Construction Law Monitor

Offsetting these complexities are state laws that provide subcontractors and suppliers with “mechanics lien” rights. These rights have existed in the United States since Thomas Jefferson introduced the first lien legislation more than 220 years ago. 1) Dedicate Your Company To Mechanics Lien Compliance.

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#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. .”

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