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5 Challenges in Meeting Construction Deadlines and How To Solve Them

Construction Marketing

A lien waiver is a fancy word used in the construction industry for receipt of payment. issues a lien waiver to another party, they are acknowledging that payment has been received for their goods or services, thereby waiving their rights to place a mechanics lien against the property in the said amount. Waiting for Payment.

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#66:  Labor Inefficiency Costs: Who Pays? How Much?

NH Construction Law

Sometimes this unanticipated time/space compression is the owner’s fault, in which case the general contractor/construction manager and its subcontractors will likely be entitled to increased compensation by change order or otherwise -- and to a mechanic’s lien if that increase is not paid. But how is that sum calculated?

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6 Ways the COVID-19 crisis will reshape the construction industry

Lets Build

The study points out that even if companies have policies in place to deal with such risks, they are not activated until it is too late. Organisations tend to not take the risks seriously until they manifest fully. If payroll is only accessible through office computers, it will be impossible to distribute salaries during the crisis.

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Does GC Insurance Cover Subcontractors?

Levelset

General contractors know these risks when they take the role. However, with the amount of risk involved in a standard construction project, general contractors typically need to hold multiple policies. Builder’s risk insurance. Verdict: Builder’s risk insurance may cover subcontractor damage in some situations.

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#67:  Paying Your Subcontractor's Employees

NH Construction Law

Similarly, New Hampshire law provides that if a subcontractor doesn’t pay amounts owed to its employees under workers’ compensation laws, the general contractor must cover those as well. any principal of the sub signing the lien waiver may also be liable to the general. RSA 275:46. RSA 281-A:18.

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A lesson for Architectural Firms: be careful how you pay employees

Construction Lawyer

In other words, you use the stuff we post here at your own risk.   The FLSA provides that employees, not otherwise exempt, are to be paid overtime compensation for hours in excess of 40 per work week. ILLINOIS APPELLATE COURT DEEMS MECHANICS LIEN COUNTERCLAIM UNTIMELY. mechanics liens. professional capacity."

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Enhance your estimating process with Sage 100 Contractor

Construction Cost Estimating

The information for subcontractor can easily be accessed from within one centralized system and totally incorporated with the accounting procedures.

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