Wolgast Corporation
NOVEMBER 28, 2022
Liens Can Wreak Havoc on Funding. On top of that, that they expect you, the owner, to guarantee to the Bank and the Title Company that the project will be lien-free during construction. These types of requests are common place in today’s world when an owner finances the construction of a building. Why should you care?
Levelset
JUNE 16, 2022
When payment problems come up, contractors on public projects can’t turn to the mechanics lien for the solution — both the federal and state governments prohibit private companies from gaining interest in public property. New Jersey bond claim laws & liens on contract funds. Preliminary notice requirements.
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Constructonomics
MAY 2, 2014
Of course we fronted large amounts of money for labor and materials that we were now looking to finance because payment was not being made. This is mainly because I kept very accurate records and documentation throughout the project and made sure to get approvals in writing. File a Mechanic’s Lien (if you can).
Construction Dive
APRIL 2, 2014
The property secures the construction loan that finances the project. The property also serves as security, through mechanic’s liens, for contractor payment. The timing is easy enough to establish with regard to the lien or deed of trust securing the construction loan. Hence, the “first shovel” rule.
Levelset
FEBRUARY 10, 2022
Architects generally refer to preconstruction simply as “design,” and break the process down into five steps: Schematic design Design development Construction documents Bidding/procurement Construction administration. Construction documents. Dive deeper : 12 Construction Documents Every Contractor Needs to Know.
Autodesk Construction Cloud
DECEMBER 18, 2021
The right tools and documents make it easier to complete project closeout and keep customers satisfied. With the right tools, a well documented closeout process is surprisingly simple, helping to ensure that everything is complete, your customer is satisfied, and you can win repeat business. Key Takeaways.
Chianelli Estimating
NOVEMBER 11, 2011
All the painstaking details; drawing upon drawing, revision after revision as the project documents are developed. Bids are reviewed by the building and finance committees. Subcontractors and material yards begin calling due to lack of payment and are beginning to lien the project.
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