We counsel contractors not only on their business structure, real estate, and financing needs, but we also provide legal advice concerning the actual performance on their projects. They have to bid on projects, negotiate contracts, do notices of furnishing, change orders throughout the process, lien waivers, pay applications, and a wide range of documentation necessary to ensure a successful project. Once the project is completed, if they have not been paid they need to file a mechanics' lien and/or bond claim to ensure they will ultimately be paid. These documents tie back into their accounts receivable financing so their bank is assured it will also be paid for loans granted during the construction process by having a secured interest in the real estate that has been improved.
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