I am the sole stockholder and officer of a california corporation which holds a C53 contractor's license for which I am the RMO. However I made a written agreement with a homowner for a addition to his residence and some remodeling. I did not sign the contract on behalf of my company and did not use my license number. The agreement provides that the homeowner would act as his own general contractor for he project and he would be responsible for pulling his own permits and I would be responsible to provide the labor and equipment. The homeowner was supposed to reimburse me for all materials I supplied for the project. Because I was a friend of the homeowner I trusted him to make the pay my bills but when I allowed him to fall behind on making the progress and reimbursement payments he suddenly stopped paying me. The last time me and my helpers were on the jobsite continuing the work was less tha one week ago. He owes me more that $60,000. I am concerned about not being able to state that the contract was between the homowner and me personally. I am not personally licensed. But I did not think I needed to be a GC because the homeowner was acting as his own contractor and me and my helpers were supplying the labor....Read More
Hello, everyone. Do you believe that when you are married, the love remains as strong as when you are just dating. Share your life experiences in the comments.
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I am building a new construction home. The concrete contractor poured concrete. It is not level, cracking and popping horribly. We have offered to pay 50% to cover his materials which is generous due to the amount of repairs that are needed. The contractor filed a lien 2 weeks after the work was completed and issues were discussed. He wants $1000 more than we are offering. He had admitted guilt in writing and refuses to release the lien unless we pay him that. The original amount is $8700. He wants $5700. We offered $4700. What are our options? ...Read More
We have an upcoming deadline indicating we need to send a notice of non-payment for a job in Tennessee. The only balance remaining is for retainage on those invoices. Do we need to send this notice for retainage only?...Read More
I am a material supplier and I missed the preliminary notice deadline. Can I still file a lien if I don't collect my receivable? The equipment for this job has not yet fully shipped. We still owe the customer 3 units, which we are holding as leverage for payment....Read More
Is this the new-norm? I have a new client that installs Solar. In a typical construction company material/equipment is recognized as an expense (COGS) when purchased.
Though, with this financier, they are purchasing and delivering materials to customer job-sites.
For true accounting, I wouldn't recognize the material/equipment expense on my financials. = TRUE or FALSE
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Our company built onsite a garage for this customer that was paying down to qualify for our Rent to Own (where they can make monthly payments on the building and to qualify they needed to be below 10,000.00 this customer never made it to that and has not made a payment on the building since August 8,2021 then now refuses to sign up for the Rent to Own and pay us the balance in full. ...Read More
Hello. A company is threatening to file a mechanics lien against my home. They were contracted through our home insurance provider. The home insurance representative has sent the company an email disputing their work, double charges on some items, and inaccurate measurements/charges. The company is not responding to the home insurance and is insisting that I pay the amount dictated or they will file the lien. Can they do this even though there are apparent errors/fraudulent charges in the bill they are asking me to pay?...Read More
I have a lien waiver that states: Unconditional Final, but it also states Final Requested payment on it. Did we just loose our lien rights because it states Unconditional? The project was located in TN...Read More
we have several projects that we worked on in an apartment building. All units are independently owned. We have work authorizations signed by the owners. We were told the HOA insurance will pay for this. We have not received any payments yet. We want to send a preliminary notice of intent to lien the homeowner and the HOA at the same time. Can we add both to the same notice?...Read More