Search results for: “change order”
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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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Do I Still Have Lien Rights If There Is a Dispute as to What I Am Owed?
Considering all of the unique aspects of construction work — retainage, change orders, and progress payments are just three examples — many construction disputes come down to a disagreement about how much one company (a subcontractor for example) is owed by another company (let’s say the prime contractor) on the project. Do lien rights still…
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Cash Flow: Things to Keep in Mind to Stay Ahead
Achieving profitability in the construction business can sometimes be more of a challenge than the work itself. Between the tight margins, managing change orders, the burden of retainage, and the typically long wait to actually get paid, making a decent profit on a construction project can sometimes seem more like a miracle rather than an…
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Do Pay-When-Paid Clauses or Payment Terms Influence Construction Notice or Mechanics Lien Deadlines?
Deadlines change from project to project depending on location, role, change orders, and more. Even things like determining what actually qualifies as the first or last furnishing date, or the project’s date of completion can be a challenge. Generally, these are all questions governed by the statute and the performance of the work. Another potential…
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Understanding Acceleration Claims in Construction
When construction delays occur, understanding how acceleration claims work might be the difference between getting paid or being left empty-handed.