Category: Construction Payment
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Construction Payment Disputes Can Wreak Havoc for Developers
When a developer sits atop a large construction project, they often have to manage the interests of everyone involved: property owners, prospective owners, commercial and/or residential lessees, and, of course, everyone providing labor and materials during the project itself. If just one of the contractors, subs, or suppliers goes unpaid and files a mechanics lien,…
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Lien Law Changes in Iowa — Preliminary Notice Now Required on Public Projects
While sending preliminary notice is a widely recognized industry best practice, not all of the states’ lien laws contain provisions requiring that preliminary notices be sent (on construction projects). However, from time to time these laws can change, and that’s exactly what happened recently in the state of Iowa. Specifically, in April 2018, Iowa’s lien…
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Changes to Iowa Mechanics Lien Law — Amounts May Now Be Amended
Just recently, legislation was passed in Iowa regarding amending mechanics liens. Previously, Iowa claimants could not amend a lien filing to adjust the amount of their lien. Imagine a claimant’s frustration: if they mistyped the amount of their lien, or if they needed to reduce the amount of a lien for some other reason, a…
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Pay Apps: A Simple Overview – Common Forms and Parts
Generally, the pay app provides an accounting of the work/materials/product furnished through a certain time under the contract and any change orders, along with their price and quantity – and subtracts retainage and the amount previously paid to determine the amount due. Supporting and/or additional information is usually required to be provided as well. While…
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Can I File a Mechanics Lien on a Residence When It’s Owned by an LLC?
Preliminary notice requirements for mechanics liens vary from state to state and project-by-project. One particular type of project that can prompt extra, or at least different, preliminary notice requirements in several states is a project on an owner-occupied residence. Many states have made a determination that homeowners deserve some higher standard of notice or protection…