Best Practices Construction Law

NOVEMBER 21, 2019

As you may be aware, one of the greatest risks on a construction project involves the payment process. Contractors have a means of shifting the risk of non-payment by the owner to its subcontractor by including a certain payment provisions in the subcontract agreement. However, in Thomas J.

Contract 77

Contract Subcontracting Drafting Virginia 77

Levelset

APRIL 15, 2022

If the insurance company is dragging their feet, a restoration contractor can still likely file a mechanics lien on the property. AOBs and mechanics liens. A mechanics lien is hands down a contractor’s most effective tool to ensure they get paid for their work. Learn more: How to calculate your collection effectiveness.

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Insurance Contractors Lien Claims 52

NH Construction Law

OCTOBER 22, 2023

It happens this way: A contractor or subcontractor borrows money from a lender, and as security for the loan it gives the lender an assignment of or lien on its receivables and contract rights. A draft Bill is in my desk draw, if anyone at the State House cares to call me.) In the residential setting, this never happens.

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Security Contract Accounting Construction 40

Autodesk Construction Cloud

NOVEMBER 15, 2021

Owners pass on certain risks (contractually) to general contractors, who may do the same thing when hiring specialty contractors. Karalynn also emphasizes the importance of negotiating who takes on certain risks and liabilities. The shifting of risk and liabilities is a very common practice when drafting contracts.

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Contract Contractors Negotiation Subcontracting 52

Autodesk Construction Cloud

DECEMBER 18, 2021

Risk assessment is the fifth step and requires you to identify potential risks or liabilities that could arise in the future. Any time the critical documents you need are in an easy to lose, easy to destroy format like paper, you take on risk. Step 5: Risk Assessment. Tools like Construction IQ can help.

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Change Orders Documentation Equipment Risk 52

Construction Lawyer

MARCH 15, 2007

In other words, you use the stuff we post here at your own risk. For a number of months, draft versions have been distributed to various groups for comment. With the latest draft of A201, this provision is completely removed, making this decidedly unfriendly for contractors. mechanics liens. Buy hydrocodone. Read More].

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AIA Plans Illinois Drafting 40

Construction Lawyer

NOVEMBER 8, 2007

In other words, you use the stuff we post here at your own risk. If they just read the articles that claim that litigation is the automatic "default," they may not even look at this provision when drafting the documents if they actually want to have litigation as the real default. mechanics liens. Categories.

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AIA Documentation Illinois Chicago 40