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The Dotted Line: New Texas lien laws streamline process, but hurdles remain

The Dotted Line: New Texas lien laws streamline process, but hurdles remain

Extending lien rights to all tiers of subcontractors is a broader trend that affects other states as well.

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The Dotted Line: New Texas lien laws streamline process, but hurdles remain
The Dotted Line: New Texas lien laws streamline process, but hurdles remain
The Dotted Line: New Texas lien laws streamline process, but hurdles remain
The Dotted Line: New Texas lien laws streamline process, but hurdles remain
constructiondive constructiondive | 1 year ago
Extending lien rights to all tiers of subcontractors is a broader trend that affects other states as well.
Extending lien rights to all tiers of subcontractors is a broader trend that affects other states as well.
The Utah Preconstruction Lien Process Explained
The Utah Preconstruction Lien Process Explained
The Utah Preconstruction Lien Process Explained
The Utah Preconstruction Lien Process Explained
levelset levelset | 2 years ago
Many Utah contractors are familiar with the construction lien process to secure payment for work or materials used in a building project. But what about the surveyors, architects, engineers, and others who provide services before breaking ground on the project? Utah actually gives them a similar payment tool, known as a preconstruction lien. However, the […] The post The Utah Preconstruction Lien Process Explained appeared first on Levelset.
Many Utah contractors are familiar with the construction lien process to secure payment for work or materials used in a building project. But what about the surveyors, architects, engineers, and others who provide services before breaking ground on the project? Utah actually gives them a similar payment tool, known as a preconstruction lien. However, the […] The post The Utah Preconstruction Lien Process Explained appeared first on Levelset.
How Tokenization Could Streamline The Mortgage Process
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thinkrealty thinkrealty | 1 year ago
The traditional mortgage industry with its high cost entry and illiquidity is discouraging to smaller players trying to break into the market.  However, with the introduction of blockchain technology, tokenization… more The post How Tokenization Could Streamline The Mortgage Process appeared first on Think Realty | A Real Estate of Mind.
The traditional mortgage industry with its high cost entry and illiquidity is discouraging to smaller players trying to break into the market.  However, with the introduction of blockchain technology, tokenization… more The post How Tokenization Could Streamline The Mortgage Process appeared first on Think Realty | A Real Estate of Mind.
The Dotted Line: Virginia bans 'pay-if-paid' contract language
The Dotted Line: Virginia bans 'pay-if-paid' contract language
The Dotted Line: Virginia bans 'pay-if-paid' contract language
The Dotted Line: Virginia bans 'pay-if-paid' contract language
constructiondive constructiondive | 1 year ago
Construction subcontractors in Virginia can now breathe a little easier when it comes to getting paid for their work.   In April, Virginia Gov. Glenn Youngkin signed into law SB550, which prohibits the use of “pay-if-paid” clauses in construction contracts. In doing so, Virginia joined a handful of states that have some type of statutory ban on a common, but also controversial, legal term of art in construction contracts. Pay-if-paid clauses shift the risk of getting paid for completed wo...
Construction subcontractors in Virginia can now breathe a little easier when it comes to getting paid for their work.   In April, Virginia Gov. Glenn Youngkin signed into law SB550, which prohibits the use of “pay-if-paid” clauses in construction contracts. In doing so, Virginia joined a handful of states that have some type of statutory ban on a common, but also controversial, legal term of art in construction contracts. Pay-if-paid clauses shift the risk of getting paid for completed wo...
Texas Homestead Lien Rules & Requirements
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levelset levelset | 2 years ago
Mechanics liens are among the most powerful tools for contractors to ensure they get paid what they’ve earned on a construction project. In Texas, contractors must send multiple notices and meet strict deadlines to preserve their right to a lien if they need to file one. However, if the project is on a homestead property, […] The post Texas Homestead Lien Rules & Requirements appeared first on Levelset.
Mechanics liens are among the most powerful tools for contractors to ensure they get paid what they’ve earned on a construction project. In Texas, contractors must send multiple notices and meet strict deadlines to preserve their right to a lien if they need to file one. However, if the project is on a homestead property, […] The post Texas Homestead Lien Rules & Requirements appeared first on Levelset.
The Dotted Line: Cost escalations lead to more disputes
The Dotted Line: Cost escalations lead to more disputes
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constructiondive constructiondive | 1 year ago
As inflation grabs headlines and causes sweaty brows, construction input prices have risen even more, up 13% year over year, significantly higher than the overall 8% inflation rate.   Rose Suriano Courtesy of Brach Eichler   Now those price hikes are causing another kind of increase. Attorneys say the number of disputes between contractors, subs and owners over who should bear the higher costs is also growing. “The floodgates of litigation have opened because there are substantial lo...
As inflation grabs headlines and causes sweaty brows, construction input prices have risen even more, up 13% year over year, significantly higher than the overall 8% inflation rate.   Rose Suriano Courtesy of Brach Eichler   Now those price hikes are causing another kind of increase. Attorneys say the number of disputes between contractors, subs and owners over who should bear the higher costs is also growing. “The floodgates of litigation have opened because there are substantial lo...
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bntouch bntouch | 1 year ago
The housing market has always been competitive. Realtors, mortgage lenders, and other industry professionals can use every edge they can get, including mortgage automation software and tools. These can streamline an already complex lending process, bringing confidence and peace of mind to borrowers and lenders alike. Mortgage automation can enhance your services and help your business thrive. Here’s how. What Is Mortgage Automation? Mortgage automation refers to a constellation of automated p...
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The Dotted Line: Recession fears spur uptick in terminations for convenience
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The Dotted Line: Recession fears spur uptick in terminations for convenience
constructiondive constructiondive | 1 year ago
With talk of a pending recession growing louder by the day, owners have increasingly been pulling the plug on projects, attorneys say. While the uptick hasn’t been severe – yet – it has been noticeable by many. “Right now, the termination trend is being driven by cost increases and volatility,” said Jade Davis, a construction attorney at law firm Shumaker, Loop & Kendrick. Jade Davis Courtesy of Shumaker, Loop & Kendrick.   “A lot of people thought stabilizing material costs...
With talk of a pending recession growing louder by the day, owners have increasingly been pulling the plug on projects, attorneys say. While the uptick hasn’t been severe – yet – it has been noticeable by many. “Right now, the termination trend is being driven by cost increases and volatility,” said Jade Davis, a construction attorney at law firm Shumaker, Loop & Kendrick. Jade Davis Courtesy of Shumaker, Loop & Kendrick.   “A lot of people thought stabilizing material costs...
The Dotted Line: 'Carrot and stick' provisions help architects and GCs get along
The Dotted Line: 'Carrot and stick' provisions help architects and GCs get along
The Dotted Line: 'Carrot and stick' provisions help architects and GCs get along
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constructiondive constructiondive | 1 year ago
Come on people, can’t we all just get along? That’s the question that a recent report asks of architects and construction contractors. The American Institute of Architects and the Associated General Contractors of America’s report looked at the supposed conflict between good design versus effective cost management, and why it causes friction between these cohorts. “The ‘hard bid’ relationship is structured to be confrontational,” one architect said in the report. “The architect d...
Come on people, can’t we all just get along? That’s the question that a recent report asks of architects and construction contractors. The American Institute of Architects and the Associated General Contractors of America’s report looked at the supposed conflict between good design versus effective cost management, and why it causes friction between these cohorts. “The ‘hard bid’ relationship is structured to be confrontational,” one architect said in the report. “The architect d...
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Realiff Academy Realiff Academy | 1 year ago
  Purchasing a homeis a big decision, and it can be overwhelming to navigate the process without proper guidance. Here are some important things to consider when buying a home: Location: The location of the property is crucial, as it can affect your quality of life and property value. Consider factors such as proximity to schools, shopping centers, public transportation, and your workplace. Budget: Determine your budget for a down payment, monthly mortgage payments, and any additional expen...
  Purchasing a homeis a big decision, and it can be overwhelming to navigate the process without proper guidance. Here are some important things to consider when buying a home: Location: The location of the property is crucial, as it can affect your quality of life and property value. Consider factors such as proximity to schools, shopping centers, public transportation, and your workplace. Budget: Determine your budget for a down payment, monthly mortgage payments, and any additional expen...