article thumbnail

Key Financial & Safety Metrics for Subcontractor Qualification 

Autodesk Construction Cloud

The following standard financial ratios can help risk management teams evaluate potential trade partners during the subcontractor qualification process. FINANCIAL RATIOS: DEBT . Debt Ratio . Debt Ratio measures the extent of a company’s leverage. Debt-to-Equity . Debt (Less Cash) to Equity .

Safety 94
article thumbnail

Mechanics Lien and Bond Claims Best Practices

Best Practices Construction Law

He is the founder of Zlien.com , a national mechanics lien filing and compliance management service. Through the years of consulting with folks in the construction industry about mechanics lien and bond claims, I’ve unearthed a set of principles to help navigate the very complicated world of liens.

Lien 48
professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Digital Builder Podcast Ep 22: How Specialty Contractors Can Navigate Contracts & Get Paid On Time

Autodesk Construction Cloud

Today’s guest, Karalynn Cromeens , Owner & Managing Partner at The Cromeens Law Firm , joins the show to share the steps everyone can take to make contracts more straightforward and less contentious. The difference between secured and unsecured debts. Karalynn Cromeens, Owner & Managing Partner, The Cromeens Law Firm.

article thumbnail

Energy Innovation: Solar Energy Solutions Continue to Gain Momentum

Pro Builder

Among the leaders is Minnesota, which approved a solar garden initiative in 2013 and claims about one-third of the country’s community solar generation. It serves 150 households, saving users about 10% on their utility bills, according to Timothy DenHerder-Thomas, Cooperative Energy Futures' general manager. . . CEF generates 1.37

article thumbnail

4 Factors Underwriters Consider When Issuing a Construction Bond

Levelset

Whenever you need to get construction bonds to perform work on a proposed project, your priority is to show the surety company how you plan to manage the particular risks and minimize the downside. Next, subtract the sum of your accounts payable, short-term debts owed, and over-billings.

Risk 52
article thumbnail

constructionattorneyblog: Subcontractor's Mechanics lien allowed.

Construction Lawyer

LEED project managment software » May 21, 2009. After the owner paid the fifth draw and the general deposited the funds into its bank account, the bank seized the funds in the account because of another debt owed by the general. « Liability for green design | Main. The Illinois Supreme Court, in Weather-Tite v.

Lien 40
article thumbnail

Legal Documents Required for Purchase of Property

CivilJungle

A deed represents the right of the owner to claim the property. Letter prepared after the disaster from a mobile home park owner or manager or public official that meet FEMA requirements. Next you’ll need to show any outstanding loans you have, including car payments, student loans, additional mortgages or credit card debt.