I’m a contractor in Kentucky and did a remodel job on a residential property. The owner wants me to send a final waiver and then wants to send a check after he receives it. Should I do this? ...Read More
I am a subcontractor. The project we are working on has run several months past the original completion date, for various reasons, none of which have anything to do with our company. The GC keeps giving me the hours are hours speech and not recognizing I have additional costs related to these project delays. Instead of 20 guys working we only have 5, but have other costs involved. Including: Multiple rental equipment, fuel, overhead and housing. What notice do I need to send to properly notify the GC of the increased project costs? There is nothing stated in the contract agreement for additional costs requests....Read More
Hello - your summary of Kentucky retainage law seems to indicate that there is no escrow requirement. KRS 371.160 seems (for larger projects) to indicate otherwise. Is KRS 371.160 inapplicable? If so, why? Thank you....Read More
I’m a project manager who’s company GCed a multi million dollar residential project for a cousin. Originally my brother started the project with his own company. He didn’t submit a bid to receive a deposit, and spent 45k of his own money before submitting an invoice (which I did for him). Both parties wanted me apart of the multi-million dollar project so I formed an LLC with my brother. The customer wanted to do time and material so I told them both I need 2500 a week, 22% for our company payroll and 15% from any subcontractors he preferred working under our license.
We end up with a verbal agreement( big regret) for him to pay my company 15% of the cost as he sales each building. The sum was projected sales was around six million dollars. My business partner (brother) and myself would be paid 1500 a week a piece as an advance. 5-6 months into the project the PoS customer decided he’s not selling the property. I reminded him that since he’s not selling and he wants to turn his project into a Time and Materials job what the cost will be and that I needed receipts from all subs working under our license. I asked one of the foremen from one of the subcontractors, that I developed a relationship with, to forward me one of their approved bids only to be told, a few days later, that the customer didn’t want me to have that information. I confronted my relative with this information only to be hit with another lie saying he didn’t say that and he would forward me what I needed.
I left a short time later after we couldn’t reach an agreement after he refused to forward receipts. I have all the information related to what I’m owed in personal wages and 22% from our company but since he never turned over a receipt/ approved bid how do I go about putting a dollar amount of what I’m owed?
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If I am self financing a vacation home is it common to have the construction funds deposited with a trustee and distributed by the trustee as invoices and work is approved by the homeowner?...Read More
We finished our job in March of 2020 and during an audit realized we did not invoice our customer in full for the remaining balance of $5,188.75 of a $60,119.00 contract.. Are they any state regulations that we have (x) amount of time to invoice a customer by. ...Read More
If I was verbal buying a house and I did a bunch of work to the house cause it wasn't livable and now there saying there saleing the house but they were supposed to contract the house to me can I put a mechanical lie on the house to get my money back in ky...Read More
The completion of labor to my residence occurred on December 2, 2020 and a Notice of Intention to Claim was sent to me March 17, 2021. Statement and Notice of Mechanics Lien was filed with county clerk March 31, 2021. The contractor was paid in full but did not pay the subcontractor due to unsatisfactory work. The subcontractor in turn initiated the lien on my home. Subcontractor recently contacted me to inform of lien foreclosure....Read More
We have a commercial job that we completed work on in TX in September or October. The contractor that we were a supplier for has not paid the final invoice. However we did not file any statutory notice prior to beginning the job early last year. Is that strictly required in TX? Are we too late to file a lien?...Read More
We have a job that we completed work on in TX in September or October. The contractor that we were a supplier for has not paid the final invoice. However we did not file any statutory notice prior to beginning the job early last year. Is that strictly required in TX?...Read More
I'm a subcontractor who worked for a general contractor and completed a job totaling out around $9,000. I completed it in june of 2021 and i have sent several invoices but have not been paid. What can i do about this? ...Read More