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Payment of Retainage with “conditions attached” Deemed Non-Payment

Best Practices Construction Law

In the same letter as its refusal, the contractor said it would release the retainage payment “which was pending receipt of a Waiver of Lien. The contractor responded to that letter: “Execution of the Waiver and subsequent cashing of the check will not affect your ability to initiate and prosecute your claim against [us.”

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Get An Attorney To Read Your Construction Contract – Every Time

Construction Law Monitor

Provide the contract documents to us, and we’ll turn around a review in a day or two. General contractors and owners will negotiate a contract with you, and they expect push back on certain terms. Should You Sign That Lien Waiver? Do Your Mechanics Lien Rights Make Pay When Paid Clauses Irrelevant? Related articles.

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Commercial Construction Best Practices: Debunking Construction Change Order Myths

HardHatChat

We tell our subs, if it isn’t in writing from us, it doesn’t exist. Enter the general contractor, who – if skilled enough in negotiations – can resolve the situation to avoid a potentially adversarial client and subcontractor relationship. After all, the subs aren’t under contract with the client, they’re under contract with the GC.

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What is Retainage in Construction?

Lets Build

Retainage percentages and negotiations. You can also negotiate for variable retainage, which can work in a couple of different ways. Let’s look at California – the state with the highest construction output in the US – as an example. Retainage and mechanic’s liens. But what can you do to get paid faster?

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Common Law Analysis – Pay-if-paid, Pay-when-paid & Liquidating Agreements in Construction Contracts

Construction Law Monitor

Liberty Mutual Insurance Company (“Sloan”), the US Court of Appeals for the Third Circuit has an in depth discussion regarding some technical yet very important clauses found within many construction contracts between general contractor, subcontractors, owner and the surety. In a recent decision, Sloan & Company v.

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New Contractor Business Start Up

Contractor Bookkeeping

Let Us Help Reduce Construction Business Start Up Stress. Contractor's Licenses - Information changes rapidly so check online for your local county or contact us and we can help 206-361-3950 or email sharie@fasteasyaccounting.com. Let us take care of your accounting. New Contractor's Levels of Stress. Now that's stressful.

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Unique Tips To Reduce Construction Company Start Up Stress

Contractor Bookkeeping

Let Us Help Reduce Construction Business Start Up Stress. Contractor''s Licenses - Information changes rapidly so check online for your local county or contact us and we can help 206-361-3950 or email sharie@fasteasyaccounting.com. Let us take care of your accounting. New Contractor''s Levels of Stress. Now that''s stressful.