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5 Challenges in Meeting Construction Deadlines and How To Solve Them

Construction Marketing

For example, the foundation is one of the first items that must be completed on any construction site prior to other projects beginning. A delay in finishing the foundation blocks other tasks from being performed. A lien waiver is a fancy word used in the construction industry for receipt of payment. Waiting for Payment.

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7 Things Contractors Need to Know About Retainage

Fieldwire

Subcontractors who typically work at the beginning of a project — laying the foundation, for example — may be forced to wait months or years before they’re able to collect retained amounts. 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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Reminder: Louisiana Lien Period Starts When The Entire Project is Completed, Not Simply The Claimant’s Work

Construction Law Monitor

Lien periods are a funny thing. Regardless of the actual period of time available for lien filing, in order to figure out when the lien period ends….it’s In some state (like Washington ), the lien period starts when the claimant last furnishes labor and material to the project. it’s important to know when it begins!

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Transforming Construction Payments: Autodesk's Strategic Move with Payapps Acquisition 

Autodesk Construction Cloud

A strong financial base in construction is as vital for success as a solid physical foundation is for any building project. Paired with razor-thin profit margins, it’s increasingly difficult for construction firms to build and maintain the financial foundation necessary to compete and thrive in the industry.

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The 40 Best Construction Podcasts

Lets Build

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 podcast introduces the self-build house subject, setting the foundation for beginners. Constructrr. 99% Invisible.

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What is Retainage in Construction?

Lets Build

First, subcontractors that perform their roles early on in the project, like laying foundation, will likely have to wait long periods before they can get those payments. Retainage and mechanic’s liens. As a contractor, you have a powerful tool you can use to collect payment that you’re owed – a mechanic’s lien.

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Does GC Insurance Cover Subcontractors?

Levelset

For example, if a plumbing contractor accidentally damages the foundation of the building they’re working on, their general liability insurance policy will likely cover it. A payment bond protects the owner’s property from mechanics lien claims in case a subcontractor or other party doesn’t receive payment. .