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#82:  Extending the Deadline for Securing a Mechanic's Lien

NH Construction Law

RSA 447:9 and :10 provide that a mechanic’s lien must be secured through an attachment of the property improved within 120 days of the lienor’s last furnishing of labor or materials. I conclude that the 120-day deadline for an attachment to perfect a mechanic’s lien may be extended by agreement with the owner.

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What is the Design Development Phase of a Construction Project?

Levelset

Keep reading as we drill down deeper on the design development phase, including the work performed and how businesses can mitigate risk. The architect will establish a progress schedule based on the customer’s wants and needs, and then present it to them for approval. Risks of the design development phase. Project budget.

Design 52
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Transforming Construction Payments: Autodesk's Strategic Move with Payapps Acquisition 

Autodesk Construction Cloud

The inherent business-breaking risk can even lead many subcontractors to refrain from bidding on projects if a general contractor or an owner has a reputation for slow payments. Increasing financial risk. High compliance risk. Moreover, manual payment processes also increase compliance risk. Why Payapps?

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4 Factors Underwriters Consider When Issuing a Construction Bond

Levelset

However, larger projects come with greater risks and additional challenges. Large, multi-year projects are also more likely to face risks from potential economic changes, supply chain issues, and other unforeseen pressures that can threaten them. GCs can also purchase subcontractor default insurance to reduce this risk.

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#67:  Paying Your Subcontractor's Employees

NH Construction Law

Finally, the general should insist -- even if the owner doesn’t -- on sworn lien waivers with each progress payment to the sub, verifying that the sub has paid for all labor and materials on the project with the last progress payment and will do so out of the present progress payment. If the sub falsely swears (it happens!),

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Business (marketing) failure: When the story heads to a spiralling disaster

Construction Marketing Ideas

If you look at the offending company’s websites, you will see one of the best-looking presentations around. First, the association, in encouraging renovators to become members, now has to deal with the real risk of more business failures. There are serious marketing/branding challenges here.

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7 Steps to Successful Project Closeout

Autodesk Construction Cloud

Risk assessment is the fifth step and requires you to identify potential risks or liabilities that could arise in the future. Any time the critical documents you need are in an easy to lose, easy to destroy format like paper, you take on risk. Step 5: Risk Assessment. Tools like Construction IQ can help.