The First Steps to a Valid Lien

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.

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Breaking Down the Texas Lien Process

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.

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Subcontractors: Prepare Bids This Way to Protect Your Bottom Line

Subcontractors: Prepare Bids This Way to Protect Your Bottom Line

Have you ever had the unpleasant—and costly—surprise of a general contractor putting additional job requirements into your scope of work? Fortunately, there’s a way to protect yourself: by preparing an itemized bid that lists exactly what you agree to do for the reflected price. Itemizing your bid and then thoroughly reviewing the subcontract before signing is the best way to be clear about your expectations and to prevent financial ruin from an unexpected work requirement. So—prepare your bids this way and protect your bottom line as a subcontractor.

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Delay Damages: How to Prevent Being Charged

Delay Damages: How to Prevent Being Charged

Delay damages can quickly eat away at any expected profit on a project; it is crucial to avoid them at all costs. When preparing your bids for a new construction project, be realistic from the start. There is a lot of strategy and importance involved in placing an honest proposal. Understanding your construction bid and how it could affect your liability on a project down the road is crucial.

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