How to Get Retainage Sooner

How to Get Retainage Sooner

What is retainage?​  Retainage is standard in many construction contracts as an incentive for the contractor to perform their work in a satisfactory manner. When retainage is used, the contractor will receive a percentage of their contract price as portion of their payment at the start of a project. These retainage payments are typically withheld …

+ Read More

Can I Take My Materials Back if I Have not Been Paid?

Can I Take My Materials Back if I Have not Been Paid?

On this episode, we will discuss in detail the answer to one of the most common questions we receive in our construction law firm, if I’m not getting paid, take my materials back? You need to consider the following. The right to repossess and remove shall extend to materials whose purchase price does not exceed the …

+ Read More

How to Get Paid After You Record a Lien

How to Get Paid After You Record a Lien

A construction lien is a right permitted to those in the construction industry who provide materials, services or labor to real property. If one who provides these services or materials are not paid, he or she may be able to force the sale of the property in order to recover their money. Make sure to …

+ Read More

Keep an Eye Out For the Notice and Opportunity to Cure Clause

Keep an Eye Out For the Notice and Opportunity to Cure Clause

Hey everybody! Today we’re going to talk about the notice to cure. These are all very import­ant topics that you need to understand for your next project. Make sure to follow us on our dedicated construction site as well as our podcast, YouTube videos and social media including Instagram, LinkedIn and Twitter. Get a jump on your competition. Alexander Barthet is a board certified …

+ Read More

Three Contract Terms to Get Paid Faster

Three Contract Terms to Get Paid Faster

Contracts are often complex documents filled with jargon and legalese. In order to make sure your business gets what they deserve out of every project, you need to know exactly what these clauses mean for your company. In this episode, Alex, Wade, Rob, & Stephen share their top 3 pay-when-paid provisions, retainage and lien waivers. …

+ Read More

What is Indemnity in a Construction Contract?

What is Indemnity in a Construction Contract?

Indemnity is a term familiar to those in construction. Basically, indemnity shifts fault for damages or losses from one party to another. It is generally contractual, where one party agrees to assume responsibility by means of a written agreement, holding another harmless from the consequences of its actions or omissions. Indemnification shall always be a …

+ Read More

Watch out for the Price Escalation Clause in Construction Contracts

Watch out for the Price Escalation Clause in Construction Contracts

Across the industry, homeowners, contractors, subcontractors, and suppliers alike have all experienced significant challenges related to the unprecedented increases in costs of raw materials. Lumber and steel represent two notable markets that have undergone seemingly uncontrollable price increases. Because both lumber, and steel form the bedrock upon which so much of our construction takes place, …

+ Read More