NV Attempts to Strengthen Mechanic’s Lien Laws Several changes are pending with the Nevada Materialman’s and Mechanic’s Lien Law. The changes appear to be headed for confirmation by the end of the legislative session. The proposed amendments to the current lien law are outlined below. The changes severely increase the liability of contractors, while removing […]
NYC Courts Make Light of Partial and Final Lien Waivers
Sworn Partial and Final Lien Waivers Do Not Change Causes of Action A new decision issued by the Supreme Court of New York County casts new doubt on the efficacy of obtaining sworn partial and final lien waivers. Lien waivers have become a staple of the construction industry. Most contracts now require that, in order […]
Nuclear Disaster Results in Huge Mechanic’s Liens
Fallout of Westinghouse Bankruptcy Court records showed that on Friday, May 12, 2017, two more mechanics liens were filed in South Carolina and Georgia on Westinghouse owned nuclear facilities. One lien, in the amount of $6,676,498.47, was filed by Vigor Works, LLC, who performed work and provided materials for reactors. This lien was filed with […]
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CT Pay-When-Paid Tax Reporting Requirements – Connecticut Department of Revenue Services
Pay-When-Paid Method for Materialmen Over the course of the last 15 to 20 years, the Connecticut Department of Revenue Services (“DRS”, i.e. the Taxman) has grappled with how to deal with when and how use and sales taxes are to be reported when a subcontractor or supplier has a “pay-when-paid” clause in their contract. The […]
Liens v Bankruptcy: Who Wins? Getting Paid When Bankruptcy is Filed
We all dread the word. Whether it is uttered to you or about you, it raises the hair on your neck and is synonymous with not getting paid for your hard work. BANKRUPCTY! Whether you are a material supplier, a subcontractor or even a general contractor, when anyone in the construction chain above you declares […]