Construction Escrow

Construction Escrow

What does an escrow agent do? And what is a Construction Escrow Agreement? Most construction project finances are handled by a third party, typically a title company or a bank, which acts as fiduciary, receiving and approving all contractor payout requests. This third...
The Waiver of Lien

The Waiver of Lien

Don’t let the payout process turn into a wrestling match.   The Waiver of Lien: Definition and Drafting In my last blog, I explained why it is so crucial to have a Contractor’s Sworn Statement for every construction project. This document, which requires...