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Texas ‘Retainage’ vs. ‘Reserved Funds’: What’s the Difference & Why it Matters

Levelset

Texas lien law: ‘Retainage’ or ‘reserved funds’? In 2021, Texas enacted some sweeping changes to the mechanics lien process effective on projects where the original contract was entered into on or after January 1, 2022. The main changes came in the form of simplified notice procedures and lien filing deadlines.

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constructionattorneyblog: illinois supplier denied mechanics lien

Construction Lawyer

« TRIAL COURT DECIDES THAT ARCHITECTS CANT BE LIABLE IN IMPLIED WARRANTY OF HABITABILITY | Main. illinois supplier denied mechanics lien. An Illinois appellate court has affirmed the trial court's summary judgment against a lumber company's mechanics lien. March 13, 2012 in litigation , mechanics liens | Permalink.

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Managing Accounts Receivable in QB: QuickBooks for Contractors

Levelset

Using QuickBooks to track lien rights on A/R. Aside from improving cash flow, one of the main priorities for construction companies when reviewing A/R is tracking their lien rights. A mechanics lien is the most powerful tool in a contractor’s collection toolkit , but it has an expiration date.

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constructionattorneyblog: Subcontractor's Mechanics lien allowed.

Construction Lawyer

« Liability for green design | Main. Subcontractors Mechanics lien allowed where bank seized generals funds. 107108 (May 21, 2009), has ruled in favor of the subcontractor in enforcing a mechanics lien. Funds subject to a lien waiver are required to be held by the owner in trust for the subcontractor. Francis , No.

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Idle Equipment not entitled to Lien in Missouri

Construction Lawyer

« Economic Loss Doctrine bars Nevada claims against Architect | Main. | » April 20, 2009. Idle Equipment not entitled to Lien in Missouri. A Missouri court has affirmed a trial court ruling in favor of a lien claimant, but at an amount reduced by the trial court to reflect the value of the idle time for the equipment.

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Seven Things to Do When an Owner Doesn’t Pay

Constructonomics

File a Mechanic’s Lien (if you can). In Pennsylvania, the law states that you cannot file a lien on a purely public entity. Also, there is a timeline to file a mechanic’s lien. In PA it’s six months from the last day you are on the project, and if this time expires, you’re lien rights are gone.

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Understanding the Performance and Monitoring Phase of Construction

Levelset

This breaks down into a few main areas: the job scope, the budget, and the schedule. Since subcontractors have bills to pay and interest accruing, the sub has the ability to file a mechanics lien against the property. Protect & speed up every payment. Learn more.

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