Buyer Beware: Five Commercial Construction Questions to Ask Before Purchasing a Distressed Note
HardHatChat
FEBRUARY 9, 2010
By using the existing subcontractors instead of hiring someone new, you can resolve or avoid a mechanics lien as you’ll be adhering to the original subcontractor contract. Has the building permit expired? Can you use the existing subcontractors within the balance of their contract value or do you need to rebid the entire project?
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