Accounting Contract Lien Risk 
Levelset
JUNE 6, 2022
In an attempt to hold contractors accountable, many projects use retention holdbacks, also known as retainage. These holdbacks need to be accounted for by every party to a project: owner, general contractor, and subcontractor. The rate of retention is stipulated in the construction contract and can often be negotiated.
Fieldwire
AUGUST 14, 2023
It’s fairly common, especially on commercial and public construction projects, and typically ranges from 5 - 10% of the total contract price. The practice dates back to the 1840s, dreamed up as a measure to reduce the owner’s risk and ensure that the project is fully completed according to the job specifications.
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NH Construction Law
OCTOBER 22, 2023
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.
Levelset
MARCH 21, 2022
Meanwhile, you’re incurring expenses that drain your bank account, like purchasing materials and paying employees. This should be clearly stated in your contract. Be sure to go over payment terms with them when discussing the contract, so they can plan ahead. Protect your lien rights. Protect & speed up every payment.
Autodesk Construction Cloud
NOVEMBER 15, 2021
In a perfect world, a contract should include a clear set of instructions that conveys well-defined expectations to all parties concerned. This episode of Autodesk’s Digital Builder podcast addresses the most common challenges with contracts and how simple adjustments can ensure you fully understand what you’re signing.
Construction Lawyer
MARCH 13, 2012
The cases with which he has been involved are varied and wide-ranging and include personal injury, breach of contract, criminal defense, commercial disputes, and consumer fraud. In other words, you use the stuff we post here at your own risk. illinois supplier denied mechanics lien. So dont say we didnt warn you.
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. The average collection period for receivables measures the average time it takes you to get paid on your open accounts. AOBs and mechanics liens. Alex Benarroche.
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