Say you are building out a restaurant in a strip mall or an office in a high-rise building. If the tenant contracts for the work, then whether you are a supplier to the electrician or the electrician, your lien most likely attaches only to the tenant’s interest. That interest isn’t ownership – just the right …
What is retainage? Retainage is standard in many construction contracts as an incentive for the contractor to perform their work in a satisfactory manner. When retainage is used, the contractor will receive a percentage of their contract price as portion of their payment at the start of a project. These retainage payments are typically withheld …
On this episode, we’re going to talk about your fleet, and we have the preeminent expert of fleet management on the show, Kenny Tyson of Enterprise Fleet Management. Are you concerned about the current state of buying cars and trucks? You know its bad when you turn on the news to you hear that they …
There are gaps in your insurance and filling them first requires knowing where they are. In this podcast, Alex Dopazo of Dopazo Insurance explains several places where you likely have gaps in coverage and the various options to fill those gaps. He also talks about the gaps that can’t be filled and what you should …
A Notice of Nonpayment, similar to a lien, is a document that’s sent to the bonded contractor and his or her surety, advising them that you’re owed money on a job and you intend to look to the bond to be paid. You surely don’t want to squander your claim against a surety bond; that …
This is a tight labor market and construction is at the top of the list of industries that is suffering. This is in large part due to a combination of a history of insufficient talent, a lack of emphasis of construction as a viable career, and the recent demand for construction professionals. On today’s episode, …
Construction contracts are complex, and understanding their complexity is critical to managing your risk on a construction project. Today we talk with Josh Levy of Document Crunch, an AI platform that analyses construction contracts to help level the playing field. Make sure to follow us on our dedicated construction site as well as our podcast, YouTube videos and social media …
Insurance in the construction industry is filled with landmines. Knowing where they are takes the help of a seasoned insurance agent. Marcus and Magda talk about how they navigate this minefield together. In this episode we talk about certificates of insurance do’s and don’ts, additional insured endorsements and how they can go wrong, handling deductibles …
We have seen a lot of mistakes folks make when it comes to issuing lien releases. In this podcast, we are going to discuss the three most common lien release issues and how you should approach each. Don’t skip this episode we’ll explain why these are mistakes you can’t afford to make. Make sure to …
On this episode, We are sharing the top 3 project documentation tips for GC’s, subs or pretty much anyone who works on a construction project. Documentation can save you time and money when it comes to a dispute on a project. Make sure to follow us on YouTube and social media including Instagram, LinkedIn and Twitter to get a jump on your …