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Texas ‘Retainage’ vs. ‘Reserved Funds’: What’s the Difference & Why it Matters

Levelset

Given the slim profit margins on construction projects, retainage practices can be incredibly frustrating for contractors. Texas lien law: ‘Retainage’ or ‘reserved funds’? The main changes came in the form of simplified notice procedures and lien filing deadlines. 53.025 provides some insight.

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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. See Town of Bedford v. Brooks , 121 N.H.

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N.C. Construction Law, Policy and News blog: Worthy insights regardless of where you live

Construction Marketing Ideas

Avoid owners who insist on oppressive contract terms, have a history of problem jobs, and/or just don’t seem to know what they’re doing. Sometimes the best contracts are the ones you don’t sign. Buy out subcontracts thoughtfully. Make an experienced construction attorney your partner in profitability all year long.

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Subcontractor Default Insurance: Pros & Cons for General Contractors

Levelset

In addition, SubGuard does not provide protection against mechanics liens from unpaid second-tier subs and suppliers. Some GCs pass the cost of the loss reserve onto the project owner and claim that amount as additional profit on the project. Include X amount of additional profit in your bid.”. Learn more.

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Job Order Contracting – Best Practices Implementation

Building Information Management

JOB ORDER CONTRACTING. Job Order Contracting GUIDELINES & PROCEDURES. LEAN best management practices are integral to the administration of a Job Order Contract (JOC). Job order contracts, provides a flexible and responsive contractual capability in supporting its real property maintenance and renovation mission.

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Keep Construction Office & Operations Teams Happy with These ERP & Financial Integrations  

Autodesk Construction Cloud

As a result, the technology tools available often stifled collaboration between these external stakeholders, who had limited access to key budget and profitability information, which makes it very hard to run a successful business. Additionally, third-party stakeholder collaboration (e.g.,

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State by State Incentives Guide

Buisness Facilities Contributed Content

The program offers three types of benefits: Transaction Privilege Tax Exemption – Exemption from transaction privilege tax on contracts for certain types of construction at an MRZ. The incentive is available for non-retail businesses engaged in commerce for profit that fall into certain categories. TAX INCENTIVES.

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