Accounting Contractors Legal Lien 
Fieldwire
AUGUST 14, 2023
Construction is one of the hardest industries to manage cash flow in, with contractors often facing large up-front costs and frequent, long delays between expenses and payment. The basics of retainage Retainage, also called retention, is an amount withheld from the contractor until a later date.
Levelset
APRIL 15, 2022
They may not have the funds available to pay the contractor out of pocket, so they’re counting on that insurance check to cover the construction costs. Contractors often wish they could simply deal with the insurance company directly through an assignment of benefits. Pros & cons for contractors. Setting up an AOB.
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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. Payment should be in the full amount currently owed to the contractor, regardless of how much is still owed on the contractor’s loan.
Construction Lawyer
MARCH 13, 2012
His book, Legal Guide to AIA Documents, published by Aspen Publishing, is in its fifth edition. 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. A Legally Inclined Weblog. >.
Autodesk Construction Cloud
NOVEMBER 15, 2021
Owners pass on certain risks (contractually) to general contractors, who may do the same thing when hiring specialty contractors. “I’m not saying that the subs don’t take any liability or the general contractor doesn’t take any liability from the owner; I’m saying let’s negotiate.
Construction Lawyer
MAY 21, 2009
His book, Legal Guide to AIA Documents, published by Aspen Publishing, is in its fifth edition. 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. A Legally Inclined Weblog. >.
Construction Lawyer
APRIL 20, 2009
His book, Legal Guide to AIA Documents, published by Aspen Publishing, is in its fifth edition. 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. A Legally Inclined Weblog. >.
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