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Legal Tips On Extending Credit

Credit Management: Legal Tricks To Make Extending Credit Easier

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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Credit Department v Sales Departments: How Everyone Can Get Along

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 these tasks well, [...]

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

Just a few days ago, a new contributor to the Paid 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 for [...]

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North Carolina Bond Claim: New Protection for General Contractors

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 know that the law requires [...]

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Can You File A Mechanics Lien For Snow Removal Work?

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 as I’ve spent the last two day sin Cambridge, MA, where snow on the sidewalk is nearly taller than me. Everywhere I looked was construction machinery or machinery of some sort working [...]

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Louisiana Liens: Filing Date Differences For Public And Private Projects

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 are required to [...]

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Is There a Benefit to Sending A Bond Claim When There is No Requirement to Send a Claim Prior to Initiating Suit?

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 state in which the project [...]

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Mechanics Lien Claim or Bond Claim? Which Should You File?

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” is usually a trick question. On most occasions, you only have the opportunity to file one or the other. You [...]

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Does the Pennsylvania Contractor and Subcontractor Payment Act Undercut Sub-Subcontractors’ Rights?

The Pennsylvania Contractor and Subcontractor Payment Act 73 P.S. Sec. 501 et seq., was passed in 1994 to provide contractors and subcontractors additional protection when unpaid for their services on construction projects in that state.  Generally speaking, the act sets forth general payment terms for contracts that don’t contain a payment due date, and provides for [...]

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Suppliers to Suppliers Mechanics Lien & Bond Rights

A previous article on our blog indicated that “Suppliers to Suppliers rarely catch a break” with respect to mechanics lien and bond claim laws. The reason here is because most private and public statutes prohibit suppliers to suppliers from filing a mechanics lien or bond claim. It’s important to not only announce this information in [...]

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Mechanics Lien Claims On Aircraft Hangers?

Can you file a mechanics lien for furnishing labor or materials to an airport hanger?  And if so, who exactly owns the property? I was inspired to write this post because of a twitter user who recently followed me. @specdor is a company that specializes in aircraft hanger doors. After looking at their twitter profile [...]

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