Nothing is more frustrating than doing work and not getting paid. However, you have to be careful when abandoning a project because you haven’t been paid. The contract and on public projects, the relevant statutes give guidance as to the procedure for suspending performance. Watch the video to learn more.
Here are some basics that you need to understand about the Texas Construction Trust Fund Act.
So you missed your lien deadline and you’re a general contractor. Well, as long as the property has no been sold, you can still protect your interest. You should file your lien as quickly as possible.
Many contractors don’t understand the difference between lien rights for public and private jobs. Lien rights vary depending on whether the job is public, or private, and commercial or residential.
Many contractors seem to understand their deadlines to file their lien but few know their notice deadlines. The notice deadlines are just as important as lien deadlines because they are both fatal to your lien.
If you’re doing residential construction in Texas you need to understand the Deceptive Trade Practices Act (“DTPA”). Most of the residential construction claims will be made under the DTPA so understanding the act could help you to shield yourself from liability.
If you have a fixed sum agreement more than likely, the owner/developer is most concerned about your PROGRESSION and you’re being paid based on how much you’ve progressed on the job. So one has to wonder why so many contractors treat lump sum agreements, like cost-plus agreements and inaccurately itemize what they’ve “spent” on labor…
People tend to freak out when a mechanic’s lien is filed on a project. Of course liens are never a good thing but they are not the end of the world. Calm down… you’ve got options.
Often times in residential projects both general contractors and subcontractors find themselves in situations where they believe it is best for them to file a lien. Unfortunately, many of these liens are invalid due to the fact that the builder is unaware that the property is the owner’s homestead. The fact that the property is…
There are a number of different construction contracts used by general contractors. The differences in the contract are usually predicated on the type of project and the obligations of the parties. One construction contract that has become popular is the cost-plus contract. In a cost-plus contract, the buyer pays the contractor for the cost of the…