Archive for March, 2010

Lien Releases

Friday, March 26th, 2010

If you have a trade contractor who is asking to be paid pre-owner payment, please take caution. Besides, lien releases getting signed you must also obtain letters from suppliers, union BA etc. that they are paid in full. Getting the lien releases only protect us legally. You will still have legal expenses dealing with liens etc. and on some bonded projects we may have to pay twice, even though the sub signed creating fraud, it does not help the loss of our cash.

Technical Reports

Monday, March 15th, 2010

When working in N.Y.C they have what is called TR’S or Technical Reports. These are testing reports from TR1 to TR7. You must get them from the owner/ expeditor that were filed with the building permit. Without these inspections, you can not get your certificate of occupancy. Most of the time, the owner pays for the TR’S and may even schedule the inspections. Make sure it is followed and completed by someone.

General Contractor and Construction Manager/ Oral and Verbal Direction

Monday, March 8th, 2010

Be careful as a General Contractor or Construction Manager if you give ‘oral’ direction with no written direction as per the contract. If you pay them on a verbal direction you have set a precedent and the contract requirements have been violated and you will have a mess.

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