Richard & Richard Construction Co. Inc

General Contractor

D
Payment Score53 / 100
Bottom25%
1

Richard & Richard Construction Co. Inc Payment and Project History

Review the 294 Richard & Richard Construction Co. Inc projects and payment history over the years. On this page, find any reports of slow payment from vendors, typical contract terms such as retainage, days to payment, payment terms, and overall performance. Know more about who you work with, how they pay, and avoid any potential issues on the job.

Richard & Richard Construction Co. Inc's Project and Payment History
Bottom 25%Medium companies


Lien threatened for Commercial project in San Diego, California at
2912 Garrison St, San Diego, CA 92106

Notice sent:

2 months ago

Lien threat value:

Over $5,000

Lien threatened for Commercial project in San Diego, California at
2912 Garrison St, San Diego, CA 92106

Notice sent:

3 months ago

Lien threat value:

Over $10,000

Lien threatened for Commercial project in San Diego, California at
2912 Garrison St, San Diego, CA 92106

Notice sent:

3 months ago

Lien threat value:

Over $10,000

Mechanics Lien filed at 2912 Garrison St, San Diego, CA 92106

Claimant directly hired by GC | Lien filed by Gpe Electrical Contractors Corporation

Status: Active

Lien filed on:

05/25/2021

Lien value:

$501,292.12

Filer hired by:

General Contractor

Property Owner:

P L Boutique Investors

Other Companies on the Project:

Gpe Electrical Contractors Corporation

Mechanics Lien filed at 12300 Wilshire Blvd, Unit 300, Los Angeles, CA 90025

Claimant directly hired by GC | Lien filed by General Coatings Corp.

Status: Active

Lien filed on:

01/14/2021

Lien value:

$8,935.00

Filer hired by:

General Contractor

Property Owner:

Gersham Properties

Other Companies on the Project:

General Coatings Corp.

Waiting for payment from Richard & Richard Construction Co. Inc


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Payment History Summary


Recent Payment Performance

91% of projects in the last 12 months had no reported payment issues by other contractors.

Last 12 months - 91%

Payment Performance Over the Years

According to available information, 85% of projects in 2020 had no reported payment incidents.

2021 - 91%

2020 - 85%

2019 - 95%

2018 - 99%

Typical Contract Terms


Retainage

Usually 10% retainage in California. See typical retainage by State for Richard & Richard Construction Co. Inc.

22% No Retainage

78% 10% retainage

Payment Terms

Others typically said they were paid on invoice from Richard & Richard Construction Co. Inc. See what were common payment terms.

100% Paid on invoice

Days to Payment

Richard & Richard Construction Co. Inc typically pays in > 60 days. This is self-reported by other contractors at the end of projects.

100% > 60 days

Read reviews about Richard & Richard Construction Co. Inc


Very difficult to get payments. Purchase orders are not sent in time. They deleted Change Orders without notification. Pushed us to get the job done in a short period of time. We completed our scope and yet have received final payment. We ended up taking them to court.

  9 months ago
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