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#130:  Secured Lenders' Rights to Construction Contract Payments

NH Construction Law

It happens this way: A contractor or subcontractor borrows money from a lender, and as security for the loan it gives the lender an assignment of or lien on its receivables and contract rights. Suffolk Construction Co. , Otherwise all construction contracts would have such a clause, thwarting the lender’s statutory rights.

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#83:  The Impact of Bankruptcy on Perfecting a Mechanic's Lien

NH Construction Law

Suppose the owner files for bankruptcy protection before that step is taken. ” Until a bankruptcy case in New Hampshire directly addresses the post-petition perfection of a mechanic’s lien, we won’t know for sure whether the lien can still be perfected. Bruce Topjian, Inc. , 481 (1987). Can the lienor still take it?

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SoftBank-Backed Construction Technology Startup Katerra Set to Close

Pro Builder

SoftBank-Backed Construction Technology Startup Katerra Set to Close. Katerra entered the industry with a hefty goal: to revolutionize the $12 trillion global construction industry. It laid off hundreds of employees last year and neared bankruptcy. Off-Site Construction. cbroderick. Thu, 06/03/2021 - 10:13. Read More. .

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Transforming Construction Payments: Autodesk's Strategic Move with Payapps Acquisition 

Autodesk Construction Cloud

A strong financial base in construction is as vital for success as a solid physical foundation is for any building project. Paired with razor-thin profit margins, it’s increasingly difficult for construction firms to build and maintain the financial foundation necessary to compete and thrive in the industry.

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Does a Lien Affect Your Credit Score?

Levelset

Contractors and other businesses in the construction industry can file a mechanics lien if they aren’t paid for their work – even if they weren’t hired directly by the property owner. Credit bureaus can collect public information from state and county courts, including bankruptcies. What is a lien? Does a lien affect credit scores?

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Modular Builder VBC On the Verge of $25-Million Buy for Katerra Assets

Pro Builder

Volumetric Building Companies (VBC) is in the final stages of a $25-million bankruptcy acquisition of Katerra’s former headquarters in Tracy, Calif. Katerra was founded in 2015 as a startup that brought design, manufacturing, and building construction under one roof, initially in a manufacturing facility in Phoenix, Ariz.,

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Guest Blog – 5 Common Misconceptions About Surety Bonds

Construction Law Monitor

Getting construction bonds is not as scary and difficult as some think. If you are a contractor working on public projects, you’ve most likely heard a lot of myths about construction bonds. Myth #1: Construction Bonds Are Very Costly. Myth #2: No Surety Bonds Are Needed by Large Construction Companies.