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You Risk Paying Twice When Sub-Contractors Don’t Pay Their Bills

Wolgast Corporation

If you haven’t built a building in the last couple of years, you may be surprised when your banker tells you that they want to hire a Title Company to handle all of your payments to not only the General Contractor, but also directly to the General Contractor’s second tier Sub-Contractors. Why should you care?

Lien 118
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Gru Was Wrong About the Money: Court Concludes that Lender Owes Contractor “Contractually, Factually and Practically”

Best Practices Construction Law

I love Gru so much that when my children ask for money, my best Gru-like voice belts back: “ Now, I know there have been some rumors going around that the bank is no longer funding us….In Crown Bank , CA No. The owner and contractor entered into an AIA Contract for the construction management services. in BCD Associates.,

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What Happened at the 2017 CFMA Conference?

Construction Business Owner

Membership in CFMA is represented by all types of general contractors, specialty trades and construction managers, with a large number of professionals in the accounting, insurance, surety, software, legal and banking industries.

CFMA 136
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15 Tips For Starting Your Own Roof and Guttering Business

Construction Marketing

Roofing isn’t a one-person job; you’ll need, at least, two roofing contractors to work on a single site. 9) Legality and Taxes. 10) Business bank account and credit card. A separate bank account will make management easier, and it will help protect your personal assets. 8) Brand name. Corporation . Conclusion.

Insurance 296
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The Impact of ASC 842 – The New Lease Standard Is Here

Construction Business Owner

It is time for contractors to get serious about the new accounting lease standard. It is time for contractors to get serious about the FASB ASU 2016?02 As a result, it is imperative to consider all factors that may result in legally enforceable rights and obligations. The Impact of ASC 842 – The New Lease Standard Is Here.

Leases 177
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Prevailing Wages in Minnesota: What Contractors Should Know

Levelset

In Minnesota, prevailing wage laws apply to state-funded construction projects that are over $2,500 with one trade contractor or over $25,000 with more than one trade contractor. Prevailing wage rates are often higher than what most contractors pay their workers. Types of projects where Minnesota prevailing wages apply.

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Prevailing Wages in Pennsylvania: What Contractors Need to Know

Levelset

Contractors working in Pennsylvania on public works projects must pay their workers on a weekly basis. The prevailing wage rates for a project must be posted by the general contractor and each subcontractor on-site. Certified payroll forms are turned in weekly to the contracting authority, usually by the general contractor.