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7 Things Contractors Need to Know About Retainage

Fieldwire

It is governed by the contract, which means it’s part of the agreement between two parties. Subcontractors who typically work at the beginning of a project — laying the foundation, for example — may be forced to wait months or years before they’re able to collect retained amounts. This can cause problems for a couple of reasons.

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Does GC Insurance Cover Subcontractors?

Levelset

At their core, insurance policies are agreements between two parties: the insurer and the policyholder. For example, if a plumbing contractor accidentally damages the foundation of the building they’re working on, their general liability insurance policy will likely cover it. Who is covered by an insurance policy?

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constructionattorneyblog: Louisiana does not give res judicata effect.

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. Liquidation Agreement did not supercede agreement to arbitrate. ILLINOIS APPELLATE COURT DEEMS MECHANICS LIEN COUNTERCLAIM UNTIMELY. mechanics liens. » March 28, 2012. In Greer v.

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Economic Loss Doctrine bars Nevada claims against Architect

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. Idle Equipment not entitled to Lien in Missouri » April 19, 2009. The design of the foundation was premised on their analysis, which proved to be faulty. mechanics liens. Categories. litigation.

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Unique Tips To Reduce Construction Company Start Up Stress

Contractor Bookkeeping

No work should ever be performed based on verbal agreements. The client''s pre-printed final waiver of lien document (necessary for contractor to receive final payment) waives all contractor''s rights to recover unpaid extra work and to pursue any claims that arose during the course of the project.

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Construction Company Failure Root Causes

Contractor Bookkeeping

Three Steps To A Paradigm Shift: #1 Unfreeze - Being open to a new idea that is in agreement with your core values. #2 Education is the foundation for shifting paradigm. Sales tax liens against contractors twenty two times higher than any other business. Whatever is in your best interest will occur.

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We Reduce Construction Company Start Up Stress

Contractor Bookkeeping

No work should ever be performed based on verbal agreements. The client''s pre-printed final waiver of lien document (necessary for contractor to receive final payment) waives all contractor''s rights to recover unpaid extra work and to pursue any claims that arose during the course of the project.