Remove Banking Remove Deals Remove Documentation Remove Lien
article thumbnail

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

Wolgast Corporation

Liens Can Wreak Havoc on Funding. On top of that, that they expect you, the owner, to guarantee to the Bank and the Title Company that the project will be lien-free during construction. The lien laws protect people that supply the resources to build a building. By Brian Stadler, Wolgast President & CEO.

Lien 116
article thumbnail

Watch for Bank Shield Laws in Dealing with Lenders

Construction Lawyer

His book, Legal Guide to AIA Documents, published by Aspen Publishing, is in its fifth edition. Watch for Bank Shield Laws in Dealing with Lenders. A developer found out the hard way about laws that shield banks. Thus, the bank won and the developer was left to deal with the subcontractors. Invalid URL.

Banking 40
professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Starting Profitable Construction Company Unique Secrets Revealed

Contractor Bookkeeping

Go to your bank and ask to speak with the commercial banker. Every bank has one and they can be one of your most powerful allies and mentors. The really good news they are on the banks payroll. How can you and the bank help me run my business more profitably?

article thumbnail

constructionattorneyblog: No Arbitration for Aesthetic Effect

Construction Lawyer

His book, Legal Guide to AIA Documents, published by Aspen Publishing, is in its fifth edition. « Watch for Bank Shield Laws in Dealing with Lenders | Main. The Architect’s decision on matters relating to aesthetic effect will be final if consistent with the intent expressed in the Contract Documents. Categories.

AIA 40
article thumbnail

How to Get Paid on Georgia Public Projects

Levelset

When payment problems come up on a public project, contractors can’t just file a mechanics lien as a solution, as both the federal government and state governments prohibit private companies from gaining interest in public property. Lien waivers. Deep dive : Georgia’s Very Unusual Rules for Mechanics Lien Waivers.

Georgia 52
article thumbnail

Supreme Court Nominee's Construction Decisions

Construction Lawyer

His book, Legal Guide to AIA Documents, published by Aspen Publishing, is in its fifth edition. Watch for Bank Shield Laws in Dealing with Lenders » July 22, 2005. ILLINOIS APPELLATE COURT DEEMS MECHANICS LIEN COUNTERCLAIM UNTIMELY. mechanics liens. « Kelo Song | Main. Subscribe to this blogs feed.

article thumbnail

How to Get Paid on Oregon Public Projects

Levelset

When payment problems come up on a public project, contractors can’t just file a mechanics lien as a solution, as both the federal government and state governments prohibit private companies from gaining interest in public property. The post How to Get Paid on Oregon Public Projects appeared first on Levelset.

Oregon 52