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Why You Should Have an Attorney Review Construction Contracts 

Entering into a construction contract without the guidance of a lawyer can have major consequences. The following information applies to you if you are: A general contractor being presented a contract by an owner or owner rep A subcontractor being presented a contract by a GC A sub-subcontractor or anyone else being presented a contract by someone up the “payment chain” Why is this so important? At Portuondo Law Read More

Do You Know What You’re Asking For? Performance vs. Payment Bonds

Do you know the difference between a performance and payment bond? If you think they’re the same thing and you’re a Florida general contractor, you need to read this blog. Trust us, it’s for your own good! Performance and payment bonds are two types of construction bonds put in place to ensure that certain contingencies are covered, but that’s where the similarity ends. Unfortunately, they’re often confused or, Read More

Contractors: Want to Get Paid? Don’t Lose Your Lien Rights…

You’re a Florida contractor, and you don’t work for free, but try telling that to project owners who don’t pay your invoices. If you’ve preserved your mechanic’s lien rights, these owners have a lot to lose by ignoring you, starting with the property you built or improved. On the other hand, if you haven’t protected your claim, you lose your lien rights, which are your greatest leverage.  When you’re working on a Read More

Construction Law 101: An Introduction to Mechanic’s Liens

When working in the construction industry, it is important to understand what a mechanic’s lien is and how it can be used. To put it simply, this type of lien is the best way to ensure you get paid in full for the work you perform or the materials you provide. In most cases, major construction contracts don’t pay in full up front. To protect yourself, your construction company can file a mechanic’s lien to help Read More

5 Signs Your Construction Dispute Is Headed for Litigation

Construction projects are based on a number of essential agreements - between the project owner and general contractor, between the general contractor and the subcontractors, and suppliers, and so on. Under ideal circumstances, the project progresses from concept to completion without any major disruptions, but this outcome isn’t always the reality. Participants disagree on invoices, timelines, and other relevant Read More

Mediation vs. Litigation – Which Is Right for You?

When legal disputes arise in business, they can damage your company’s image, professional relationships, and bottom line if not carefully handled. While litigating the matter can be effective, especially if there’s a lot at stake, many business owners today opt to resolve disputes in ways that don’t involve the courts. One such way is mediation. Mediation Explained Unlike litigation, mediation is a Read More

Understanding Contract Law Basics

Contracts can cover agreements between parties for goods and services. Contracts can also lay the groundwork for an agreement not to do something.  As long as it is legal to do so, parties can enter into agreements for just about anything. All contracts, however, have some fundamental elements in common. Contract Law Basics – The Offer All contracts first require an offer. An offer details a proposed course of Read More