There is a building owner, a tenant and us (the GC). The building owner leased a space to the tenant, we built out the space for the tenant. The tenant did not pay. We asked Levelset to file the lien for us and they did. They filed a Constitutional Mechanics Lien, listing the property owner and the tenant. I am being told we cant lien the whole building since we did not have a contract with the owner but this is how they filed the lien. I have contacted Levelset about this and am getting nowhere. I have an attorney and he told me to contact them since they are the one who filed it. They are telling me to contact someone on this "Free Service" that can take up to 2-3 days for someone to get back to me. I don't really have 2-3 days as the property owner is trying to sell the building and has called contacted his lawyer to tell me to remove the invalid lien. I am at a loss as to what to do so trying to get someone to engage with me here I guess.... ...Read More
We provided framing materials to a home owner in Louisiana in late May 2022. The installer he hired framed the house and was paid. We were told he was closing on his construction loan and would pay us at that time. Now he says he can't get a loan. He paid approximately $15k of the $45k total as a down payment. The house is framed but otherwise unfinished. ...Read More
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