article thumbnail

Virginia Joins 11 Other States Prohibiting Pay-If-Paid Clauses in Construction Contracts

Best Practices Construction Law

1997), which held that “pay if paid” clauses are unenforceable because it essentially forces a subcontractor to waive or forfeit his constitutionally protected mechanics lien rights if the owner fails to pay the general contractor. One of the best I have found was created by Levelset, which has a 50-State-Guide on pay-if-paid clauses.

Virginia 118
article thumbnail

Bring Construction Billing into Focus

Construction Business Owner

Clear visibility over invoices, lien waivers & payments inspires seamless money management & accelerated job timelines. The clean and intuitive dashboard offers a bird’s-eye view over each invoice, compliance document, lien waiver and payment, which makes invoice tracking and management easy as a click of your mouse. Greg Ragsdale.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

STATE INCENTIVES GUIDE

Buisness Facilities Contributed Content

The private sector participant finances 50 percent of the project cost and takes a first lien on assets pledged as collateral. The SBA takes a second lien on assets and finances up to 40 percent of the project cost, up to $1 million in some cases. Funds may be used for relocation costs from outside of the state to Montana.

Income 75
article thumbnail

State by State Incentives Guide

Buisness Facilities Contributed Content

Funds may be used for relocation costs from outside of the state to Montana. BIG SKY ECONOMIC DEVELOPMENT TRUST WORKER TRAINING GRANT: A state-funded program designed to aid in the development of good paying jobs for Montana residents and promote long-term stable economic growth in the state. LOAN PROGRAMS.

Income 108