Fieldwire
AUGUST 14, 2023
For many construction businesses, the retainage payment accounts for their entire profit margin on the project. Retainage does not extend the mechanics lien deadline A mechanics lien is perhaps the most powerful tool that contractors have to force payment. Mechanics lien laws have specific deadlines that contractors must follow.
Constructonomics
MAY 2, 2014
Hiring a lawyer can totally blow your entire profit margin, to which you are entitled. And don’t think you’ll get legal fees in a settlement – it just won’t happen. File a Mechanic’s Lien (if you can). In Pennsylvania, the law states that you cannot file a lien on a purely public entity.
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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. The takeaway here suggests that any contractor accepting an AOB could subject themselves to the same bare-boned profit margins. AOBs and mechanics liens. Con: More administrative work.
Green Building Law Update
MAY 21, 2017
That fixture filing is in most states a lien or encumbrance against the system. The solar lease, as well as any power purchase agreement need to be considered in light of federal and state law (including tax laws) that stimulate new possibilities including create profit. Many of the companies engaged in this business (.
Green Building Law Update
MARCH 18, 2018
That fixture filing is in most states a lien or encumbrance against the system. The solar lease, as well as any power purchase agreement need to be considered in light of federal and state law (including tax laws) that stimulate new possibilities including create profit. Many of the companies engaged in this business (.
Autodesk Construction Cloud
FEBRUARY 1, 2024
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. Faster payment cycles are essential for GCs and subcontractors alike to stay profitable in today’s fast-paced and evolving economic environment.
Green Building Law Update
AUGUST 16, 2020
That fixture filing is in most states a lien or encumbrance against the system. The solar lease, as well as any power purchase agreement need to be considered in light of federal and state law (including tax laws) that stimulate new possibilities including create profit. Some of the companies engaged in this business (.
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