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7 Things Contractors Need to Know About Retainage

Fieldwire

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. It is governed by the contract, which means it’s part of the agreement between two parties. In some cases, states do make specific exceptions for retainage liens.

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What Contractors Need to Know About Surety Bonds

Construction Marketing

If the principal’s bond application is approved, the surety company will require the principal to sign an indemnity agreement before it will issue the bond. The indemnity agreement provides that the principal will hold the surety harmless if a claim is filed against the bond. Sign the indemnity agreement.

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#122:  Construction Loan Disbursement Pitfalls

NH Construction Law

The economic loss rule, which generally precludes recovery in a negligence lawsuit absent personal injury or property damage and absent a special relationship between the parties (see Blog #29 ), will be an obstacle here. REI Service Corporation , No. Nor does a negligence claim against the inspector appear promising.

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constructionattorneyblog: illinois supplier denied mechanics lien

Construction Lawyer

You are not our client and we are not your attorneys unless and until you enter into a written retainer agreement with us. In other words, you use the stuff we post here at your own risk. illinois supplier denied mechanics lien. Hillside filed a counterclaim to foreclose its mechanics lien. National City Mortgage v.

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Idle Equipment not entitled to Lien in Missouri

Construction Lawyer

You are not our client and we are not your attorneys unless and until you enter into a written retainer agreement with us. In other words, you use the stuff we post here at your own risk. Idle Equipment not entitled to Lien in Missouri. April 20, 2009 in litigation , mechanics liens | Permalink. mechanics liens.

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constructionattorneyblog: Subcontractor's Mechanics lien allowed.

Construction Lawyer

You are not our client and we are not your attorneys unless and until you enter into a written retainer agreement with us. In other words, you use the stuff we post here at your own risk. Subcontractors Mechanics lien allowed where bank seized generals funds. May 21, 2009 in litigation , mechanics liens | Permalink.

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constructionattorneyblog: Risks in LEED design

Construction Lawyer

You are not our client and we are not your attorneys unless and until you enter into a written retainer agreement with us. In other words, you use the stuff we post here at your own risk. Risks in LEED design. There is an interesting discussion of some issues and risks to design professionals involving LEED projects at [link].

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