Claims Debt Lien Risk 
Levelset
JULY 5, 2022
If you receive a notice that a lien has been filed on your property, you may wonder how it will affect your credit score and your ability to borrow money or get credit. Mechanics liens are different from other collection instruments, so they are treated differently when it comes to reporting on your credit history. What is a lien?
Levelset
AUGUST 16, 2022
However, larger projects come with greater risks and additional challenges. Large, multi-year projects are also more likely to face risks from potential economic changes, supply chain issues, and other unforeseen pressures that can threaten them. Next, subtract the sum of your accounts payable, short-term debts owed, and over-billings.
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Construction Lawyer
MAY 21, 2009
In other words, you use the stuff we post here at your own risk. Subcontractors Mechanics lien allowed where bank seized generals funds. 107108 (May 21, 2009), has ruled in favor of the subcontractor in enforcing a mechanics lien. The laws of each state are different and each situation is unique. University of St. Francis , No.
NH Construction Law
MAY 28, 2018
The threat of that withholding may be enough to entice the sub to prioritize scarce dollars toward employee-related debts before feeding any other wolf at the door. any principal of the sub signing the lien waiver may also be liable to the general. But hey, who ever said that general contracting was risk-free?
Autodesk Construction Cloud
NOVEMBER 15, 2021
The difference between secured and unsecured debts. Owners pass on certain risks (contractually) to general contractors, who may do the same thing when hiring specialty contractors. Karalynn also emphasizes the importance of negotiating who takes on certain risks and liabilities. Best practices for handling change orders.
Construction Law Monitor
JUNE 17, 2014
Recently, these same contractors have been taking on the risk for the reward of more work. In many instances in Louisiana and other states, material suppliers must send notice to the owner, general contractor and the party who hired them in order to preserve some type of lien or bond claim right if not timely paid.
Construction Law Monitor
JUNE 16, 2014
Recently, these same contractors have been taking on the risk for the reward of more work. In many instances in Louisiana and other states, material suppliers must send notice to the owner, general contractor and the party who hired them in order to preserve some type of lien or bond claim right if not timely paid.
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