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7 Things Contractors Need to Know About Retainage

Fieldwire

There is not a universal definition of “substantial completion,” and some contracts define it in vague terms that leave a lot of interpretation. Retainage does not extend the mechanics lien deadline A mechanics lien is perhaps the most powerful tool that contractors have to force payment.

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The 40 Best Construction Podcasts

Lets Build

If you are a tech junkie, this podcast is definitely for you. The Lien Zone. A team of construction lawyers provides knowledge about different legal issues in the construction industry such as construction and engineering contracts, mechanics’ liens, insurance. The Pro Construction Guide Podcast for Pros . Constructrr.

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New York Home Improvement Contracts: What Residential Contractors Need to Include

Levelset

Let’s start with some basic definitions under NY Gen. This definition also covers a few other types of contracts. Any mechanics lien filed against your property may be discharged. Payment of the agreed-upon price under the home improvement contract prior to filing a mechanic’s lien may invalidate such lien.

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Construction Legislation Now Pending in Washington

Construction Law Monitor

Athletic Field construction lien case. Hans Dunshee, (D-Snohomish) (D) on February 1, 2011, to allow lines of group disability insurance, except short-term or student-only plans, to be issued to more groups when certain conditions are met. Senate Bill 5131 (Expanding the definition of public facilities eligible for impact fee credits).

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Statute of Limitations - construction v. contract

Construction Lawyer

" The court held that the homeowners did not fit within this definition and the normal ten year contract statute of limitations applied. ILLINOIS APPELLATE COURT DEEMS MECHANICS LIEN COUNTERCLAIM UNTIMELY. mechanics liens. January 30, 2006 in litigation | Permalink. TrackBack URL for this entry: [link]. Categories.

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Starting Profitable Construction Company Unique Secrets Revealed

Contractor Bookkeeping

Johann Wolfgang von Goethe is credited with saying "Until one is committed, there is hesitancy, the chance to draw back-- Concerning all acts of initiative (and creation), there is one elementary truth that ignorance of which kills countless ideas and splendid plans: that the moment one definitely commits oneself, then Providence moves too.

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How to Start a Roofing Business: 9 Tips to Grow & Thrive

Levelset

Lay the sheathing: Registration, licensing, and insurance. Get the proper license and insurance according to your state’s requirements. Once you’re registered, licensed, insured, and financially prepared, you’re ready to start thinking about how to grow your roofing business from the ground up. Set goals for your business.