Viewpoint Construction Technology
MAY 15, 2018
These days, many contractors are faced with managing larger, more complex projects on a regular basis. Construction management is challenging, in no small part because the industry is governed by a plethora of regulations. Wage and union payroll agreements. Lien requirements. Building codes. Credit and background checks.
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. It is governed by the contract, which means it’s part of the agreement between two parties. Retainage is up for negotiation Retainage is not set in stone.
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Levelset
APRIL 15, 2022
Digging deeper into company processes for payment, change orders, lien waivers, and more will give you a sense of what to expect while working with them. . Before you begin to work on a project, MBC will require you to provide the following documentation: Executed subcontractor agreement Certificates of insurance Submittals W-9.
Fieldwire
SEPTEMBER 5, 2023
DOCUMENT MANAGEMENT Secure file storage with Fieldwire Learn more → Documents Included In A Payment Application A pay app will typically include several documents that work together. Conditional lien waivers : A lien waiver is a document that waives the signing party’s right to file a mechanics lien.
Levelset
APRIL 15, 2022
An assignment of benefits , or AOB, is an agreement to transfer insurance claim rights to a third party. A property owner and contractor can set up an assignment of benefits in two steps: The owner and the contractor sign an AOB agreement The contractor sends the AOB to the insurance company. The AOB agreements need to be in writing.
Construction Lawyer
MARCH 13, 2012
You are not our client and we are not your attorneys unless and until you enter into a written retainer agreement with us. illinois supplier denied mechanics lien. An Illinois appellate court has affirmed the trial court's summary judgment against a lumber company's mechanics lien. National City Mortgage v.
NH Construction Law
APRIL 26, 2018
Sometimes this unanticipated time/space compression is the owner’s fault, in which case the general contractor/construction manager and its subcontractors will likely be entitled to increased compensation by change order or otherwise -- and to a mechanic’s lien if that increase is not paid. Brooks , 121 N.H.
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