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.
Time is of the essence clauses are common in construction contracts and for good reason. This clause activates certain rights and remedies to various parties in a construction contract. Every contractor should be familiar with the importance of this clause. Watch to learn more.
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…
It is not uncommon for a general contractor or subcontractor to stop working on a project when they are not paid for work previously performed and invoiced. However, professionals in this situation should be careful to make sure their contract does not have any provision that forbids them from stopping their work. They should also…
“Yea… some guy up and filed a lien out of nowhere. We’re probably just going to pay them and be done with it so that we can move on.” Unfortunately, I hear this on a weekly basis. In construction, liens are a regular part of doing business. Sometimes, subcontractors file invalid liens on projects and…