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The Utah Preconstruction Lien Process Explained

Levelset

Many Utah contractors are familiar with the construction lien process to secure payment for work or materials used in a building project. Utah actually gives them a similar payment tool, known as a preconstruction lien. However, the steps to claim one differ from the standard construction lien process. construction liens.

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Be Ready to Lien in 2009 (But be Careful)

Help Everybody Everyday

2009 is likely to be a year in which many construction liens are filed. These economic times will make mechanic’s liens, bonding and other proactive approaches to collection all the more important. However, you need to be careful in filing your liens, especially in Virginia. Kaled Naser, et. CL07-5431 (Va. Kaled Naser, et.

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#122:  Construction Loan Disbursement Pitfalls

NH Construction Law

The idea is that the loan disbursements should pay only for properly completed work (or suitably stored materials on site), and the inspector better able than the homeowner/borrower to gauge this. Nor does a negligence claim against the inspector appear promising. That puts the owner/borrower in a pickle. Don’t count on it.

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7 Contractor Tips for Dealing With Insurance Adjusters & Owners

Levelset

In turn, the owner is relying on the insurance company to pay their claim. Dig deeper: What contractors need to know about the insurance claims process. In general, there are four parties involved in a restoration project: Property owner Insurance company Claims adjuster Contractor. Be clear about rights & responsibilities.

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8 Ways for Contractors to Build Trust With a Homeowner

Levelset

Shady, fly-by-night contractors will promise customers the world — and they hide the fact that they can put a lien on the owner’s home. They’ll collect a few checks, perform shoddy work, and then file a lien when the customer doesn’t pay. It’s also important to educate your customer about mechanics liens. Be responsive.

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Construction Site Theft: Impact and Prevention

Levelset

Insurance claims. Filing insurance claims for a construction site theft can increase the contractor’s premium, meaning they’ll have to pay more for coverage moving forward. There are times when an insurance claim makes sense, such as when expensive or leased items roll off the construction site. Schedule delays. Eventually.

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We Reduce Construction Company Start Up Stress

Contractor Bookkeeping

The idea was you would do all the work they would get half the profits and you politely refused, or not? Get Organized - We strongly recommend a Subchapter S-Corp for tax advantages, protecting your personal assets in the event of a claim or lawsuit against your company and for future expansion. Now that can be stressful!