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Five Key Provisions Construction Material Suppliers Should Include in Customer Credit Agreements

Jimerson Firm

Material suppliers in the construction industry will often need to extend credit to their contractor and subcontractor customers due to the payment cycle on construction projects that can often run 30 days, 60 days or even longer.

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Overview of Differing Site Conditions Claims on Construction Projects

Jimerson Firm

A differing site condition in the construction industry refers to a situation on a construction project where there is an unexpected or unknown physical condition at the construction site that differs materially from either the conditions as indicated in the contract documents, or from the conditions reasonably discoverable prior to contract.

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How Contractors Can Protect Their Lien Rights When Working on Leased Property

Jimerson Firm

When construction contractors in Florida are hired by a tenant to work on leased property, those contractors must understand their construction lien rights. In certain circumstances, those construction lien rights may not be as robust as the contractor thinks. Pirtle Construction, Co., Pirtle Construction, Co.

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Michigan

Burt and Associates

A construction lien acquired pursuant to this act shall not exceed the amount of the lien claimant’s contract fewer payments made on the contract. (2) Disclaimer: Michigan may have more current or accurate information. Mechanic’s liens have priority over other liens as long as there has been an actual physical improvement.

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Minnesota

Burt and Associates

It is not required on construction of 5000 square feet or more. Disclaimer: Minnesota may have more current or accurate information. A pre-lien notice is only required on smaller residential projects. An enforcement suit must be filed within one year of the last date services were performed.

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Credit Card on File is a Game-Changer for Businesses

PDC Flow

Related Articles Disclaimer Information The post Credit Card on File is a Game-Changer for Businesses appeared first on PDCflow. She creates content for the accounts receivable and payment industry.

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Creating Credit Terms for Customers

PDC Flow

Payment Schedules Medical care, manufacturing and construction are examples of goods and services that might be too expensive to pay for in a lump sum payment. Related Articles Disclaimer Information The post Creating Credit Terms for Customers appeared first on PDCflow.