1. Assume this is a $20 million project and $10 million has been invoiced and received prior to this month. The GC is processing a $2 million invoice for this month. How much will the unconditional lien release be and how much will the conditional lien release be?
2. What should the GC’s PM do if one subcontractor does not send their invoice in on time? How would your answer differ if this were a large or a small subcontractor?
1. List one or more ethical and legal possibilities a contractor could use to improve its management of jobsite cash flow beyond those discussed here.
2. Prepare an argument for your client why you should receive a 10% down payment before you start any work on their project.