Today it was reported that the Standard & Poor’s Case-Shiller Index rose 0.3 percent in January from December, seasonally adjusted. This marks the index’s eighth consecutive monthly increase. But the news was not all good. Seasonal adjustment of data lifts the numbers in the winter months, when the number of home sales is usually much less than the […]
Month: March 2010
Good News for Contractors…NYTimes Reports
The New York Times reports that throughout NYC and beyond, “there has been there has been an addition to the hubbub: Contractors, lines of them, waiting for authorization to ascend the elevator to the apartments they are in the process of renovating.” For a country that has been reeling from a tough recession over the […]
California Mechanics Lien Filing Time Limitations
California has no shortage of laws and regulations, and the mechanics lien filing process is no exception. In order to preserve the maximum amount of construction lien rights, within 20 days of the commencement of work on the property, subcontractors and suppliers should provide written notice to the owner, the general contractor and the construction […]
Florida Mechanics Lien Pre-Notices
Did you know that several states require that a “pre-notice” be provided to the Owner or Contractor prior to a mechanics’ lien filing? One of those states is Florida. In Florida, depending on the claimant’s status, a pre-notice may be required. Subcontractors and sub-subcontractors, including materialmen and suppliers who do not have a contract with the […]
Are Pay If Paid Clauses Enforceable?
An age old story in construction is as follows: the owner doesn’t pay the contractor, and a subcontractor, who has performed its work diligently and according to its contract, doesn’t get paid either. Most of these situations arise because the subcontract contains “pay when paid” or “pay-if-paid” clauses. These clauses shift the risk of nonpayment […]