My client wont pay me after more than 96% of his project completed. From first East he was trying to stay under $60k and he added $10100 which he admitted on his text message. Is there anyway you can help me with this matter. I am looking forward to hearing from you soon ...Read More
Hello, can you help me with the following topics?
Credit sale policy definition and elements .
The importance of credit policy.
How do we create a credit policy.
How do we evaluate the efficiency of credit policy....Read More
I'm a subcontractor, I completed all the flatwork for a new construction home. I have done multiple projects for the General over the last 3 years without any problems. This project they took my invoice and modified it, claiming they don't pay for incidentals, or materials used on their projects other than the labor to complete the project. I use the same template for every invoice and list the same line items on every invoice, which they have paid every time until now. They actually paid a portion of this invoice immediately upon receipt, but They are attempting to reduce the final invoice from over $6K to just over $1K. In correspondence they admitted that the bank and their customer both approved my invoice payment, yet they are refusing to pay. The job is also 3 hours from me, so I have a substantial amount of time, fuel, per diem, travel costs, labor, and out of pocket materials tied up into this project. What do I need to do?...Read More
So I hired a builder to build my home. I paid him his rate to oversee the job. As invoices came in from his different accounts such as lumber and different materials he had me pay his invoices. 5+ months ago we had a well installed. Our builder is now calling us to tell us that that invoice has not been paid. And actually as of today we have still not received an invoice. What are our options?...Read More
A potential client advised she wanted to o an addition to her existing home (in California) but ended up scraping the project once the permits and compliance issues became 'too much'. I am curious what the remedy is in this case if the contractor had already done a significant amount of pre-construction work. Would the contractor be able to bill for the services provided even though the customer stopped the project? ...Read More
I am reviewing a schedule of value for a project that does not have a % of the project total assigned to project closeout. I have heard the industry standard is 10% of the overall project is given to project closeout....Read More
I am a home owner with extra land and want to build ADU’s. I need to get a construction loan. I need to know about starting a single person LLC better before or after trying to get approved for the loan. ...Read More
We are a subcontractor and the GC we are working for is asking us to sign and notarize progress payment line waivers for amounts they have not paid us for, is this legal? They are 60 days behind on our payment yet they are refusing to give us payment until we sign the waivers for amounts we have not received yet. We were advised this is fraudulent and we are supposed to sign and notarize at the time we receive our payment....Read More
We are a company that hired a contractor to manage a renovation on a building that we purchased. We have received notices of liens against the contractor for our location. The contractor shrugged it off claiming that the lien notice was part of the invoice process for payment. We received another one since the discussion, and this time it looked different. It was actually filed and canceled once payment was made. We have not been able to contact the contractor since. My question: Is this a normal process, to file liens for payment? Or is this the step taken when the contract manager has not been paying his invoices? We have discovered that another big invoice was not paid dating back several months. We just had to pay it....Read More