CYA for Building Materials Suppliers Part 1
Material Suppliers take an enormous amount of risk when supplying material on credit in the construction industry. This blog series is all about how to reduce that risk.
Subcontracting: Yea or Nay
The Ins and Outs of Subcontracting In an effort to protect both employers and workers, Karalynn Cromeens shares her perspective from both the outside and inside of subcontracting with Paint Magazine, outlining the advantages and disadvantages of the work. Because many people don’t know the difference between an employee and a subcontractor, she starts off […]
C.Y.A. For Material Suppliers Webinar
Owed money? Tired of not being paid on time, or sometimes not at all? As a Material Supplier in the construction industry, most of your products are sold on credit. This can be a scary situation as Material Suppliers take an enormous amount of risk when supplying material on credit in the construction industry. RSVP […]
Can a General Contractor Terminate a Subcontract Without Notice?
A termination for convenience clause allows the general contractor to terminate your subcontract without any notice. If your subcontract contains a termination for convenience clause, it may need some heavier editing before you sign the subcontract.
Robbing Peter to Pay Paul: What Subcontractors Need to Know
Trust funds help you get paid, but as you’ll see, they also set rules that you must follow. In either case, it pays to understand how they work and how you can use them to your advantage.
Why Subcontractors Should Never Sign a Personal Guarantee
If you’re uncomfortable with risking your personal assets, you should be. You should never sign a personal guarantee. Too much can go wrong, and it will be your entire financial life on the line, not just your company.
Why are So Many Notices Required to Have a Valid Lien?
To have a valid lien in Texas, before you can even think about filing the lien with the county clerk, you need to make sure you have sent proper notice required to have a valid lien.
The Contractor Fight: TCF367: Get Yourself a Contract with Karalynn Cromeens
Lawsuits, litigation, and lost revenue- Oh My! Lawsuits, litigation, and lost revenue. These are all the things that a contract can bring to your construction business if you do not thoroughly understand it. Karalynn Cromeens speaks with Tom Reber on ‘The Contractor Fight Podcast’ about how to play defense so you don’t have to learn […]
The First Steps to a Valid Lien
Are you ensuring you’re getting paid for what you are owed in your construction projects? It is so important to understand what you are responsible for when filing a lien. Remember, one single error in the lien filing process could cost you thousands of dollars and invalidate your lien.
Breaking Down the Texas Lien Process
Liens are important because the construction industry runs on credit and the Contractor is the one extending the credit. This means the Contractor put forth labor and material and then waits to get paid. If you follow all the lien procedures correctly, it will give you the closest thing to a guarantee of payment in this business.