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,…Read More
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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…Read More
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…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 a customer’s credit doesn’t qualify, in other words, what other options are there…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.
Or is it?
This article examines the balancing act required for companies to perform both of…
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,…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 possible. Additionally, if you have experience on public projects, you likely…Read More
Massachusetts, New York, Connecticut and others in the Northeast were pummeled with the #Nemo storm and snow over the weekend. I can confirm the reports first hand…Read More
As always a general rule of thumb for all lien law nation wide is that the requirements to file are technical.
This post deals with Louisiana, and shows how timing can be used for (by the legally savvy) or against a party.
Most all contractors either know that they should or that they…Read More
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 initiating a lawsuit to recover can all change depending on the…Read More