Preliminary Notices: What Are They?
Preliminary Notice Basics A preliminary notice is often the first step in preserving your right to secure payment through a mechanic’s lien (for...
Commercial Collections: What They Are & How They Work
Commercial debt recovery, also called commercial collections or B2B collections, is the process of recovering unpaid invoices or debts owed by other...
Lien Waivers: What They Are Used for & How
What Is a Lien Waiver A lien waiver is a legal document signed by a contractor, subcontractor, supplier, or other party on a construction project to...
What Is a Bond Claim?
Bond Claim Basics A bond claim is a written notice to the surety that the claimant (such as a subcontractor or material supplier) is looking to them...
What Is a UCC Filing?
What Is Article 9 of the Uniform Commercial Code (UCC)? The Uniform Commercial Code is a set of standardized laws that govern commercial transactions...
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Lien Index Q3 2025
Lien Index Falls 10 Points (16%) to 51 from Revised Q2 Score of 61, Signaling Shifts in Market Activity NCS Credit's Lien Index is derived from...
Texas Preliminary Notices Are for Non-Payment
Understanding Texas Notice Cycles for Lien and Bond Rights That’s an odd title, right? “Texas Preliminary Notices Are for Non-Payment.” It may sound...
Lien Index Q2 2025
Lien Index down 2 points to 58 from revised Q1 score of 60. The Lien Index ended Q2 2025 at 58; an approximate 3% decline in activity from Q1 2025.
The Difference Between Consignment and Bailment
Are Consignment and Bailment the Same? Is Consignment a Form of Bailment? Consignment and bailment may seem similar, but they’re not the same. Both...