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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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Restoration: How to Manage Cash Flow While Waiting for an Insurance Check

Levelset

Planning for your cash needs helps you know when to seek help. Plan out your cash flow. You can plan when the expenses will be incurred and when the payment is expected to be received. This allows you to plan ahead to ensure that you have the cash on hand that you need. Protect your lien rights.

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7 Things Contractors Need to Know About Retainage

Fieldwire

BLOG How to Streamline Construction Processes from Planning to Payments Learn more → In addition, the same contract has a provision for negotiating variable retainage. This makes it difficult for all subs and suppliers to plan their cash flow in advance, since a project’s completion date often turns into a moving deadline.

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Louisiana Suppliers – Extra Notice Needed for Lien Rights

Construction Law Monitor

Over the past holiday season, I was at a Christmas party discussing with a friend of mine who runs an electrical supply company here in South Louisiana, the intricacies of notice provisions before a company like his can file a lien on a private project. My office constantly invalidates liens that were not filed correctly.

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How to Get Paid on New York Public Projects

Levelset

billion capital plan for programs and projects in New York State on April 9, 2022. Generally, companies aren’t able to file mechanics liens on public projects unlike with private projects, as the federal government — and many states — prohibit private entities from claiming an interest in public property. New York bond claims.

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Assignment of Benefits for Contractors: Pros & Cons of Accepting an AOB

Levelset

When a property owner files an insurance claim to cover a restoration or roofing project, the owner typically deals directly with the insurance company. An assignment of benefits , or AOB, is an agreement to transfer insurance claim rights to a third party. AOBs take the homeowner out of the claims equation. Setting up an AOB.

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Ahern Second Reorganization Plan Approved

Construction Equipment

Ahern Rentals'' second amended reorganization plan was approved by the U.S. The plan will help the company emerge from Chapter 11 bankruptcy, which it filed Dec. Since filing, Ahern Rentals has continued business operations and improved its financial condition while addressing the maturity of its term loan and second lien notes.

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