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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 Before doing the work, have the actual change order form drafted and ensure that the costs for the work are outlined clearly. Account for market volatility. No one does that.

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7 Steps to Successful Project Closeout

Autodesk Construction Cloud

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. Interfacing with the in-office accounting team is essential; the records won’t be truly complete until Finance signs off.

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constructionattorneyblog: AIA plans change to Statute of Limitations.

Construction Lawyer

Only a knowledgeable attorney can apply the information here to your particular matter, taking into account the laws of your jurisdiction. For a number of months, draft versions have been distributed to various groups for comment. ILLINOIS APPELLATE COURT DEEMS MECHANICS LIEN COUNTERCLAIM UNTIMELY. mechanics liens.

AIA 40
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constructionattorneyblog: New AIA documents and Arbitration

Construction Lawyer

Only a knowledgeable attorney can apply the information here to your particular matter, taking into account the laws of your jurisdiction. ILLINOIS APPELLATE COURT DEEMS MECHANICS LIEN COUNTERCLAIM UNTIMELY. mechanics liens. In other words, you use the stuff we post here at your own risk. So dont say we didnt warn you.

AIA 40
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constructionattorneyblog: Mold White Paper Issued

Construction Lawyer

Only a knowledgeable attorney can apply the information here to your particular matter, taking into account the laws of your jurisdiction. " The Commercial/Multifamily Mold Working Group took careful steps to fully research, draft and finalize this paper. ILLINOIS APPELLATE COURT DEEMS MECHANICS LIEN COUNTERCLAIM UNTIMELY.