Research professor Thomas Schleifer has published a string of op-ed articles at ENR.com warning those in the construction industry about the financial perils and risks associated with a rebounding economy. In turn, we’ve highlighted these articles…Read More
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Construction Finance Journal is not just focused on mechanics liens; another topic we routinely cover is payment bonds. As we’ve discussed in many other posts, general contractors on public works projects are generally required to secure a bond on the project to ensure payment…Read More
Last week I wrote an article about the epic battle between Credit Departments and Sales Department. In examining how the two departments can co-exist, and thrive, we discussed a best practice of creating options to take new business. If…Read More
Running a successful business can be full of complications, but your company’s bottom line really boils down to doing two things well: (1) Acquiring clients; and (2) Getting paid for what you do. It’s that simple.
Just a few days ago, a new contributor to the Construction Finance Journal authored a review of the recent changes to North Carolina bond claim law, specifically the revisions to N.C. Gen. Stat. § 44A-27. That…Read More
If you’re a general contractor on a construction project, you know that one of the most important parts, besides the construction itself, is ensuring that the flow of money from the project owner to subcontractors is as smooth as…Read More
Massachusetts, New York, Connecticut and…Read More
As always a general rule of thumb for all lien law nation wide is that the requirements toare technical.
This post deals with
Bond claims, like mechanic’s liens, have requirements that vary from state to state. Whether or not preliminary notice is required, who must receive preliminary notice or the claim itself, and even if a formal claim is required prior to…Read More
Some people get confused about the differences between a bond claim and a mechanics lien claim, and this can result in causing decision paralysis. As this post will explain, however, the question of “which should you file”…Read More