Remove Accounting Remove Contractors Remove Defense Remove Lien
article thumbnail

#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. Payment should be in the full amount currently owed to the contractor, regardless of how much is still owed on the contractor’s loan.

article thumbnail

constructionattorneyblog: illinois supplier denied mechanics lien

Construction Lawyer

He is a partner in the law firm of Sabo & Zahn, concentrating in construction law and representing owners, contractors, architects, developers, engineers and other parties in the construction process. Only a knowledgeable attorney can apply the information here to your particular matter, taking into account the laws of your jurisdiction.

Lien 40
professionals

Sign Up for our Newsletter

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

article thumbnail

constructionattorneyblog: Subcontractor's Mechanics lien allowed.

Construction Lawyer

He is a partner in the law firm of Sabo & Zahn, concentrating in construction law and representing owners, contractors, architects, developers, engineers and other parties in the construction process. Only a knowledgeable attorney can apply the information here to your particular matter, taking into account the laws of your jurisdiction.

Lien 40
article thumbnail

Idle Equipment not entitled to Lien in Missouri

Construction Lawyer

He is a partner in the law firm of Sabo & Zahn, concentrating in construction law and representing owners, contractors, architects, developers, engineers and other parties in the construction process. Only a knowledgeable attorney can apply the information here to your particular matter, taking into account the laws of your jurisdiction.

Lien 40
article thumbnail

constructionattorneyblog: Sole Proximate Cause Defense Reaffirmed

Construction Lawyer

He is a partner in the law firm of Sabo & Zahn, concentrating in construction law and representing owners, contractors, architects, developers, engineers and other parties in the construction process. Only a knowledgeable attorney can apply the information here to your particular matter, taking into account the laws of your jurisdiction.

Defense 40
article thumbnail

constructionattorneyblog: New York court holds that contractor.

Construction Lawyer

He is a partner in the law firm of Sabo & Zahn, concentrating in construction law and representing owners, contractors, architects, developers, engineers and other parties in the construction process. Only a knowledgeable attorney can apply the information here to your particular matter, taking into account the laws of your jurisdiction.

article thumbnail

New Contractor Business Start Up

Contractor Bookkeeping

New Contractor's Levels of Stress. You Quit Your Job - And started a construction business only to discover you need a contractor’s license and bond. Use Credit Cards - And supplier accounts to finance your new business and be very careful about what you buy. Bank Accounts - Set up two bank accounts in your company name.