Construction Liens and Bankruptcy: How Contractors Can Protect Themselves.(insolvency legislation)(Construction Lien Act of Ontario)Cosentino, Joseph
Construction of the primary structure. Installation of insulation. Roof construction. Completion. When Does A Construction Site Inspection Occur? Pre-Construction While most construction site inspections are conducted during the construction phase, they can begin in pre-construction. Pre-construction inspecti...
Of course, contractors doing business with long-time customers or ones that always pay on time might not need to ask for this kind of information, but they shouldn’t let the fear of losing a project for an untested customer or one with a negative payment reputation stop them from ...
A“Lien Waiver & Release” is a legal instrument used in the construction industry to waive a party’s right to file a Lien, assert a Payment Bond Claim or seek money damages for improvements made or provided to a Property, in exchange for money paid, or to be paid to the party execut...
Retainage — orretentionorholdback— is a common practice in the construction industry where a portion of payment, typically 5-10%, is withheld until a predefined milestone is achieved on a building project. Retainage has a long history in the industry and can apply to both general and subcont...
How long have you been in practice? Do you have a specialist designation? How many cases like this have you had? Do you go to trial or are most cases settled out of court? How many have you won? How much would this case cost me? What payment plans will you accept? Who will actual...
How Long Do You Have to Pay Mello-Roos? Depending on the district, Mello-Roos fees are charged until the bond is paid off. The length of time is typically between 20 to 25 years but can be as long as 40 years. Does Mello-Roos Go Away?
Mechanic's liens are often necessary to secure construction help on a project. The lien stays in force until the project is finished and all construction personnel have been paid. Mechanic's leans are commonly used by builders, contractors, and construction firms that build or repair structures. ...
4.Property owners may discover that amechanic’s lienwas placed on the property if there was a problem involving payment for construction or redevelopment work that was contracted. The mechanic’s lien will remain in place until all labor and material costs have been paid.1 ...
Construction loansin commercial real estate work a little differently. Because the property that would otherwise serve as collateral has yet to be built, the borrower would need to provide other property as substitute collateral. The same rule, however, would apply with regard to default. If the ...