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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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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. In short, the company has a wealth of experience in preserving New Orleans’ historic architecture, as well as designing, building, and renovating commercial spaces. . Mayer Building Company overview.

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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. When it comes to taking orders in the commercial construction project food chain, it goes like this: client? Trust me, we don’t.

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Successful Commercial Construction Strategies and Operations: Tip #2

HardHatChat

Key Steps Commercial Developers Can Take to Ensure Their Contractors are Financially Stable. Whether you’re hiring a general contractor , architect, engineer or some other consultant, their ability to pay their subs directly and on time affects the success of your commercial construction project. So how do you avoid all of this?

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Successful Commercial Construction Strategies and Operations: Tip #1

HardHatChat

How did you file the documents for your last commercial construction project? By moving to a paperless project management software system. Simply put, the paperless construction project management system we implemented houses all documentation for each of our jobs in one electronic folder hosted on our web site. It all adds up.

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constructionattorneyblog: illinois supplier denied mechanics lien

Construction Lawyer

The cases with which he has been involved are varied and wide-ranging and include personal injury, breach of contract, criminal defense, commercial disputes, and consumer fraud. illinois supplier denied mechanics lien. Hillside filed a counterclaim to foreclose its mechanics lien. National City Mortgage v. LEXIS 153 (2nd Dist.,

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Commercial Construction Checklist: How to Ensure a Stalled Project Site is Safe and Ready to Rebound

HardHatChat

An idle commercial construction site is just begging to be explored by anyone from the curious passerby, to kids or even vandals and thieves. Worst-case scenario, a vendor will have a lien on these items, so you don’t want them to leave your site unaccounted for. Distressed hotel construction.