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Does a Lien Affect Your Credit Score?

Levelset

There are several different types of property liens , which are legal claims against the property held by a debtor. Credit bureaus can collect public information from state and county courts, including bankruptcies. EquiFax also provides three business scores: a payment index, a credit risk score, and a business failure score.

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How To Reduce Risk On Construction Projects

ProcurementExpress.com

Do you know if any of your projects are at risk? A huge topic of discussion in the Construction Industry consistently, is the scope of financial risk on a construction project. Why do these financial risks take place. What can I do besides bankruptcy? How to reduce your projects risk. Improper planning.

Risk 52
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Completed Operations: A Contractor’s Guide to Coverage, Cost, & More

Levelset

The statute of repose cuts off the right to make a claim or sue a contractor after a certain length of time. Examples of completed operations claims. Completed operations coverage provides legal defense of the claim, which is found to be not of merit. Deck collapse. A contractor builds a deck for a homeowner.

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International Arbitration Experts Discuss The Impact On The Global Economy

Constructlaw

Reynolds: The COVID-19 pandemic’s impact on the global economy has led to an increase in breach of contract claims, and a parallel rise in novel breach of con­tract defenses focused on excuses for non-performance. Halprin: At the risk of stating the obvious, the pan­demic has had a tremendous impact on filings.

Claims 40
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How To Reduce Risk On Construction Projects

ProcurementExpress.com

Do you know if any of your projects are at risk? A huge topic of discussion in the Construction Industry consistently, is the scope of financial risk on a construction project. Why do these financial risks take place. What can I do besides bankruptcy? How to reduce your projects risk. Improper planning.

Risk 40
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Guest Blog – 5 Common Misconceptions About Surety Bonds

Construction Law Monitor

Due to this misinformation, many contractors either avoid projects requiring bonds, thus missing great work opportunities; or sometimes even operate without them, which jeopardizes their legal standing and puts their whole company at risk. A recent case of this is the bankruptcy of the 105-year-old company Truland Group Inc.

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#67:  Paying Your Subcontractor's Employees

NH Construction Law

The main advantage of such “trust fund” provisions is in bankruptcy; trust funds are not considered assets of the subcontractor/debtor that can be distributed to general creditors. But hey, who ever said that general contracting was risk-free?