Payment and Performance Bonds on a Private Project?
Requiring bonds on a construction project is a great way to insure that a project stays on track. In calling for payment and performance bonds, the awarding authority adds another...
Requiring bonds on a construction project is a great way to insure that a project stays on track. In calling for payment and performance bonds, the awarding authority adds another...
One of the reasons mechanics liens are such a valuable tool is that they create a secured debt interest in the property to which the lien is attached. In bankruptcy...
When the word “Fargo” comes up, nearly everyone immediately thinks of the critically acclaimed film or television series. While hilarious, I’m sure the Minnesota-set show may cause frustration and confusion among those who...
Public projects raise a laundry list of issues that those on private projects do not face. For instance, missing payments on public projects can lead to grave consequences even though mechanics...
Construction liens aren’t exactly a conversation topic at parties, but maybe they should be. Mechanics liens affect celebrities, are placed on high profile properties, and the inventor of modern mechanics...
Green construction is one of the fastest growing fields in the construction industry. With heightened attention now given to environmental impact, homeowners and businesses alike are doing what they can to...
As we have discussed before, knowing your deadline to file a mechanics lien requires knowing when the clock starts. This date is often referred to as the substantial completion date or project...
In the construction industry, there are different rules for payment regarding public and private projects. The differences can include prompt payment, retainage, and of course surety bonds, among others. In...
With new legislation popping up all over the map, it feels like construction payment laws are changing every other day. Considering the issues the industry has with payment, this is...
It’s not uncommon for construction liens to appear in the headlines. Even high profile property owners have struggled with construction payment. Liens have appeared next to the names Donald Trump,...