Credit Tips Blog: Discover the Latest Industry Insights

So, how does the surety industry view Private Public Partnerships (aka P3)? This precise question is answered in an article from Engineering News-Record (ENR).

We’ve previously discussed the review of Ontario’s Construction Lien Act and today we’d like to briefly review the recommendations for how surety bonds could be handled under the Act.

Furnishing to a construction project in Maryland? Be cautious when securing your mechanic’s lien rights - and keep in mind, lien is suit.

Discover essential insights before filing your own UCC Filing in Florida. Learn the importance of reviewing your filings to ensure accuracy.

It’s a win for the material supplier! A recent court decision invalidated an unconditional lien waiver when the subcontractor’s check to the material supplier failed to clear.

Contract amounts, purchase orders, delivery dates etc., can change during a construction project and you may need to amend your preliminary notice.

Filling inaccuracies and unreported changes to name, address, or organizational structure can jeopardize the security of your UCC filing.

In this case, the court of appeals affirmed those providing labor to a construction project have the right to utilize a mechanic’s lien.

Your customer has filed for bankruptcy protection and their outstanding balance could have a significant impact on your A/R. Now what do you do?

In Utah case, the owners tried to contest the validity of the subcontractor’s foreclosure action, but ultimately struck out.

Read on to learn more about consignments and how UCC filings can secure consignments and reduce your risk.

Today’s 3-in-3 features Cindy Bordelon, Manager of our UCC Services, and her recommendations for determining the appropriate UCC filing.