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#67:  Paying Your Subcontractor's Employees

NH Construction Law

Before subcontracting any significant portion of a long term job to someone who isn’t known to be financially solvent, the wise general will ask for proof that the sub can carry the strain of weekly payroll through a monthly requisition procedure, with retainage. How does a GC protect itself? § 5.5(a)(6).)

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Seventh Circuit examines "pay-if-paid" provision

Construction Lawyer

« Seventh Circuit addresses duties of construction manager to injured worker; analysis of Local Rule 56.1 | Main. Fidelity had issued a payment bond, but Fidelity refused to pay after the owner declared bankruptcy, and BMD sued Fidelity. Seventh Circuit examines "pay-if-paid" provision.

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STATE INCENTIVES GUIDE

Buisness Facilities Contributed Content

The private sector participant finances 50 percent of the project cost and takes a first lien on assets pledged as collateral. The SBA takes a second lien on assets and finances up to 40 percent of the project cost, up to $1 million in some cases. Borrowers inject 10 percent in the form of cash or equity in real estate.

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State by State Incentives Guide

Buisness Facilities Contributed Content

The program has two main incentives: A state income tax exemption for up to five years to individuals who move to a ROZ county from outside the state. SMALL ENTERPRISE GROWTH FUND (SEGF): Provides Maine companies and entrepreneurs access to patient sources of venture capital. of qualifying expenses.

Income 108