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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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Assignment of Benefits for Contractors: Pros & Cons of Accepting an AOB

Levelset

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

Autodesk Construction Cloud

The shifting of risk and liabilities is a very common practice when drafting contracts. A mechanic’s lien works the same way,” says Karalynn. “If Even if you don’t want to negotiate, Karalynn says it’s worth having an attorney or legal professional break down what the contract means. Account for market volatility.

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7 Steps to Successful Project Closeout

Autodesk Construction Cloud

The first step is to track every part of the project to streamline reviewing legal terms and change orders, for example. Equipment tracking software may be needed to account for all moveable equipment. Your designers, accountants, and managers all need to play a role in the closeout process.

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constructionattorneyblog: AIA plans change to Statute of Limitations.

Construction Lawyer

His book, Legal Guide to AIA Documents, published by Aspen Publishing, is in its fifth edition. The information provided here is not intended to be a solicitation for legal services, nor does it constitute legal advice. A Legally Inclined Weblog. >. ILLINOIS APPELLATE COURT DEEMS MECHANICS LIEN COUNTERCLAIM UNTIMELY.

AIA 40
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constructionattorneyblog: New AIA documents and Arbitration

Construction Lawyer

His book, Legal Guide to AIA Documents, published by Aspen Publishing, is in its fifth edition. The information provided here is not intended to be a solicitation for legal services, nor does it constitute legal advice. A Legally Inclined Weblog. >. ILLINOIS APPELLATE COURT DEEMS MECHANICS LIEN COUNTERCLAIM UNTIMELY.

AIA 40
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constructionattorneyblog: Mold White Paper Issued

Construction Lawyer

His book, Legal Guide to AIA Documents, published by Aspen Publishing, is in its fifth edition. The information provided here is not intended to be a solicitation for legal services, nor does it constitute legal advice. A Legally Inclined Weblog. >. ILLINOIS APPELLATE COURT DEEMS MECHANICS LIEN COUNTERCLAIM UNTIMELY.