If you do not document everything and read certain provisions carefully, you could end up being sued or liable for payment for damages for work that were not even your responsibility. This is why you should be concerned with prior work: the work of the subcontractors before you.
Knowing your scope of work and your field conditions is so important when signing onto a new job. Make sure you are aware of all the specific terms in your subcontract and survey the site before agreeing to anything. If you don’t, you might find yourself incurring expensive litigation costs to fight disputes after the fact. Our latest blog will break down what field conditions are and what you should be on the lookout for to C.Y.A. on all your future projects.
Learn how to be proactive with your subcontractor submittal before signing the subcontract—protect your company from future disputes!
In this blog, we will break down the breach of express and implied warranties, the positives and negatives of warranties, and detailed examples of everything you need to know to protect yourself on the front-end.
How can you be responsible for warranty claims if you did not have a warranty in your subcontract? There are two different types of warranties: express and implied. An express warranty is in writing and found in your subcontract. An implied warranty is given by law, whether you want there to be one or not.
The lien process can be tricky, and the steps must be followed meticulously, or it will be invalid. Not only do you only have one chance to file a lien, you actually can be fined for filing an improper lien. It’s so important to get your lien filed correctly!
If you are someone that controls the money for the company, and then you misapply it, your subs and suppliers can not only come after your company but also you as an individual, which can have a negative impact on your credit and make your non-exempt personal assets vulnerable. In addition, you may also be liable for criminal charges if you misapply construction trust funds.
If you are past the lien filing deadline or haven’t sent a preliminary notice in a state where it is required, you will probably be considering filing a lawsuit as the next step in collecting your unpaid construction payment. When looking at your options, it is good to have information about them before you start the process.
Did you know that construction trust funds can be used as another avenue for payment for the subcontractor? Construction trust funds are funds that are earmarked for work you have performed on a Property.
This process relieves the property and the property owner of the lien claim while the dispute is litigated. Let’s talk about bonds to indemnify against liens.
Property owners typically require the general contractor of large private projects to obtain a performance and payment bond from a surety. This blog covers the difference between payment bonds and performance bonds, and when they are required.
Before a claimant can assert a claim or action on the bond, it must perfect its bond claim.