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You Risk Paying Twice When Sub-Contractors Don’t Pay Their Bills

Wolgast Corporation

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?

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PACE Bill Due in Baltimore City

Green Building Law Update

PACE state enabling statutes generally authorize local governments to engage private sector lenders to provide upfront low interest financing to property owners for qualified projects (e.g., providing opportunities to separately finance the top 20% of a construction project or.), Commercial PACE programs are still very new.

Baltimore 120
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What is PACE Financing and Is It Doomed?

Construction Law Monitor

Started in the green revolution’s holy land, Berkley, California, PACE financing is shorthand for Property-Assessed Clean Energy Financing ( Wikipedia entry ). The concept is simple: cities loan money to property owners to install clean energy equipment. All was going very well for PACE Financing.

Finance 48
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How to Avoid Running Out of Cash on a Construction Project

Levelset

Finance material purchases. Material financing can help you delay the payment of material invoices for up to 120 days. A financing company pays your vendor directly, and you pay the financing company once you have enough cash on hand. Last but not least, establish and follow your company’s mechanics lien policy.

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A Cash Flow Guide for Architects

Levelset

If you don’t have enough cash available for your expenses, you may need to look at some short-term financing options. A cash flow projection covers three types of cash activities: operating activities, investing activities, and financing activities. Financing activities include stock offerings and long-term debt.

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The Preconstruction Phase: Understanding the Process & Risks

Levelset

The preconstruction phase helps nail down the materials before the project breaks down, giving the client time to choose several backup options, and the contractor enough time to secure financing and order them so subs aren’t waiting for them to arrive. Plans are deemed unfeasible, or the developer may have trouble getting financing.

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7 Steps to Successful Project Closeout

Autodesk Construction Cloud

Your subcontractors are showing up, your rented equipment works and is where it should be, and all is right in the world. Equipment tracking software may be needed to account for all moveable equipment. Learn more about how asset and equipment tracking can help enhance your commissioning and handover workflows! .