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Showing posts from May, 2022

Tips in Making a Payment Bond Claim

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  If you are a subcontractor or supplier who has supplied construction materials for a building project, you should make a payment bond in advance. A payment bond is a contract signed between the project owner or subcontractors and suppliers providing raw material for the developing project. The bond is subject to claim due to payments from the owner who give guarantee you to have enough fund to make full payment of service after the project completion. If you are a supplier, you need to get this payment bond surety from the owner of the project by signing a legal payment bond. Unfortunately, if the owner is unable to pay the full amount and dues are remaining for material supply or services, you need to file for a payment bond claim . As you have signed the payment bond contract in advance with the owner, you are eligible to recover the dues in a legal way. For this aim, you may contact the payment bond attorneys in your city. The experienced construction lawyers in the United Sta...

Conditional & Unconditional Lien Waivers: What They Mean & When to Use Them

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  The real estate industry in the United States is growing with time. At present, the demand and prices of residential properties is increasing day by day. Now, the construction companies and builders are developing high-rising residential properties for buyers. But, they are struggling to get paid for their services and material supply by the property owners. Hence, the real estate authority in the United States has given the right to the construction contractors or subcontractors and material suppliers to file a lien against the owner to pay the due amount. Also, the material supplier and owner have to sign a lien waiver form or agreement. This form will allow the supplier to reserve the right to file a lie on the property they work at, if not get paid the full amount. Thus, it becomes easier for suppliers to lien on a house and reserves the right on it till get paid fullest. What is Lien Waiver? A lien waiver is a sort of document or an agreement signed between the counte...