Subordination agreements can be used to impact the priority of all lien holders, whether a bank or a contractor, on a project. In a recent decision, the Fourteenth Court of Appeals found a subordination agreement valid to subordinate an existing lien to one that had yet to be created.
In Brazoria 10.5 Ltd. v. Mac
President Trump’s recent executive order imposing tariffs on US imports of steel and aluminum led to many questions of the full scope of materials subject to the 25% import tariff. A recent analysis by the Recycled Materials Association (“ReMA”) determined that recycled steel and aluminum – or scrap – are not subject to
Trump Imposes Drastic Tariffs on Imports of Steel and Aluminum
On February 10, 2025, President Trump signed an executive order imposing 25% tariffs on all US imports of steel and aluminum with no exceptions or exclusions, due to take effect on March 12th, 2025. Designed to boost the domestic steel industry, Trump’s plan
The recent derecho storm in May and Hurricane Beryl just this week caused severe damage throughout Houston and the surrounding area. The intense winds and flash flooding served as a costly lesson to many contractors and project owners. With the expected active hurricane season on our doorstep, and storms that can strike
If an owner or general contractor fails to timely pay on a project, you may be entitled to prompt pay interest. Prompt payment acts are intended to deter late payments by general contractors and owners by enabling contractors and suppliers to pursue additional remedies including penalty interest, attorneys’ fees and suspension of performance.