Owning a construction firm can prove very profitable, but it also leaves you at a near-permanent threat of legal action. There is so much that can go wrong in construction, much of it outside your control. What’s more, some people are very bad at communicating their...
Experienced Legal Representation to the Construction Industry in New York City
Construction Claims
What the “No Damage For Delay” clause means for your business
Whether you are a contractor or subcontractor, no one likes to see the clause in a construction contract commonly known as “No Damage For Delay.” This clause protects a party to the contract – often the owner of the project or a contractor hiring a subcontractor –...
How can you encourage clients to pay on time?
You’ve been in the construction industry for many years, working your way up from the ground until you were able to form your own company and become your own boss. Setting up your own business has many benefits, such as being able to choose your own projects, team...
The average amount of time it takes contractors to get paid
As a contractor, you know that it can be difficult to get people to pay for your services. In fact, some construction companies will demand payment upfront in order to get around this. But many people want to only make a down payment upfront, or they may even be...
3 more ways for contractors to vet their subcontractors
We have addressed the importance of vetting your construction associates before entering into a contract or formal agreement. Since disputes with subcontractors often lead to construction litigation, proper vetting can help you avoid such problems. You may already...
Handling acceleration claims made by contractors
If you are working in construction as a business owner, then you know that there will be times when your client wants you to speed up a project. If that happens, then you may be asked to pay extra to the construction team to get the job done sooner. If you receive an...
What’s a surety bond?
In construction, surety bonds are designed to manage the three-way agreements between the surety provider, the principal (usually, the contractor) and the obligee (often the owner of the property or the general contractor). When everything goes as planned, the bond is...
Should your construction firm sell its uncollected debts?
When you supply materials or perform labor for a homeowner who's remodeling their property or someone that's building a new house, you expect to be paid in full for the value of the goods or services you provided. Unfortunately, both individual homeowners and...
Understanding mechanic’s liens
If you’re a contractor in New York working a construction project for a property owner who hasn’t paid, you need to consider some of the possible remedies available for you to see that these debts are collected. One of the main debt collection tools available to you...