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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. No one thinks to ask whether the contractor has pledged its receivables to secure a loan or line of credit. Suffolk Construction Co. ,

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

Autodesk Construction Cloud

Late payments and non-payments are, unfortunately, pivotal contributors to declining contractor productivity eventually, in some cases, leading to bankruptcy for many GCs and subcontractors. Increasing financial risk. High compliance risk. Moreover, manual payment processes also increase compliance risk. Why Payapps?

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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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International Arbitration Experts Discuss The Impact On The Global Economy

Constructlaw

Halprin: At the risk of stating the obvious, the pan­demic has had a tremendous impact on filings. In relation to charter parties, the impact of the pandemic has given rise to a number of legal issues, and potential for disputes up the contractual chain depending on whether the provi­sions are back-to-back.

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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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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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State by State Incentives Guide

Buisness Facilities Contributed Content

CAPCO financing, an alternative to conventional bank financing, can accommodate a slightly higher risk profile and provide a more flexible structure for growing businesses. The Securities Industry and Financial Markets Association tracks the weekly average municipal interest rate from 2000 to current.

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