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The Green Energy Industry and Mechanics Lien and Bond Claim Rights

Mechanics Lien Rights May Be Limited On Solar Projects The portion of the construction industry centered around green energy installations such as solar arrays or wind farms is rapidly expanding. Despite the rapid growth of this segment of the industry, the protection afforded by mechanics liens and bond claims has not necessarily kept pace. The […]

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Pursuing or Defending a Bond Claim? Construction Executive Risk Management Lays Out Critical Information

important-information-bond-claims

In the world of surety bonds, payment bonds are often the overlooked siblings of performance bonds. As explored in a previous frequently asked questions post — The Difference Between Payment and Performance Bonds — performance bonds are placed to protect those up the contracting chain against non-performance by those below the chain, while payment bonds […]

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Louisiana Bond Claims: Does the Surety Need to Know?

Bond claims, like mechanics liens, have specific rules that must be followed in order for the claim to be valid. Also like mechanics liens, the rules that govern bond claims very from state to state. Since state bond claim laws are similar to, and often at least partially based on, the Miller Act (which governs […]

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Managing Financial Risk When Contractor Default Is Expected To Soar

Financial Risk and Eggs in a Basket

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 and had discussions and Webinars of our own setting forth how to Navigate The Financial Risks of a Rebounding […]

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Payment Bond: South Carolina Supreme Courts Rules on New Case

Construction Payment Blog 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 of subs – and not at the expense of public entity double payment. These bonds […]

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Credit Management: Legal Tricks To Make Extending Credit Easier

Legal Tips On Extending Credit

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 a customer’s credit doesn’t qualify, in other words, what other options are there to bridge the gap and […]

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N.C. Bond Claim Revisions Revisited: Double Payment Protection?

Financial Risk and Risk Management

Just a few days ago, a new contributor to the Construction Payment Blog authored a review of the recent changes to North Carolina bond claim law, specifically the revisions to N.C. Gen. Stat. § 44A-27. That post did a great job of clearly setting forth the statutory changes and additions, and defining the stated reasons […]

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