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Does a Lien Affect Your Credit Score?

Levelset

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?

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#134:  30-Day Accountings for Subcontractor/Supplier Mechanic’s Liens

NH Construction Law

It is generally recognized by New Hampshire courts that “[f]ailure to comply with the specific statutory provisions of perfecting a mechanics lien is usually fatal,” Alex Builders & Sons, Inc. Standard Construction Co. , Danley , 161 N.H. 19, 23 (2010). Bostwick , 69 N.H. 46, 47 (1957).

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Commercial Construction Checklist for Reviving Stalled Commercial Projects

HardHatChat

Bringing a stalled construction project back to life is easier to do if you perform the right due diligence. It’s not just foreclosed homes that are looking like a bargain to real estate investors in today’s market, but also distressed commercial assets. I.e., are there any subcontractors that have a lien on the project?

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Commercial Construction Best Practices: Debunking Construction Change Order Myths

HardHatChat

Commercial construction change order myths. If I had a dollar for every time I had to set the record straight on commercial construction costs and change orders… I would still have this job. There’s a misconception that general construction contractors love change orders. But, I would also be a lot richer.

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Mayer Building Company for Subcontractors: Payment Guide & Resources

Levelset

Mayer Building Company is a New Orleans-based general contractor that specializes in commercial construction and historic renovations. The company was honored in 2020 by local newspaper City Business as part of their “Excellence in Construction and Real Estate” class. Download Mayer Building Company’s sample lien waiver. .

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7 Things Contractors Need to Know About Retainage

Fieldwire

Construction is one of the hardest industries to manage cash flow in, with contractors often facing large up-front costs and frequent, long delays between expenses and payment. It’s fairly common, especially on commercial and public construction projects, and typically ranges from 5 - 10% of the total contract price.

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Buyer Beware: Five Commercial Construction Questions to Ask Before Purchasing a Distressed Note

HardHatChat

If you’re looking to buy distressed commercial property , your eyes are probably as big as saucers. commercial properties in current distress. But before you take on the role of receiver, here are five questions you must address with your general commercial construction contractor before assuming receivership of a distressed property.