Search results for: “capital and financing”
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Security Interests: A Brief Overview
It’s no secret that a secured creditor is in a much better position to be paid than a general unsecured creditor. This blog has routinely pointed out that for folks in the construction industry, the ability to secure the debt owed is automatic and built into the law – provided that the various formal requirements…
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A Short History Of The Mechanic Lien
Since launching my first law blog in 2005, and this construction lien blog in 2007, I’ve talked a lot about mechanic lien laws. I’ve never addressed where these laws originated, and why our United States has some of the most unique lien and security laws in the world. So I hit the books, reading cases…
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Got a Public Contract?: Be Sure to Preserve Your Rights to Payment
Over the past two years, the construction industry has seen a boom in public works. This is due to lower construction costs, influx of federal stimulus funds and lower financing rates for local governments. The result has meant tons of public work for contractors, who benefit both from Davis-Bacon wages and bonded work, which virtually…