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NCS Credit Blog

Stay up to date with the latest articles on Collections, Notice & Mechanic's Liens, UCC Filings, and Industry Trends for your business.

Bond Claim (6)

Progress Payments Have Stopped, Now What?

Progress Payments Have Stopped, Now What Should You Do? Progress payments are payments made as work progresses under a contract, upon the basis of...

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A Demand to Commence Suit May Shorten Your Deadline

Did You Receive a Notice to Commence Suit? Your Suit Deadline May Be Shorter Than You Think The mechanic’s lien and bond claim processes follow the...

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Mechanic’s Liens and Bond Claims are a Right

Mechanic’s Liens & Bond Claims are a Right, Not a Blanket If you have supplied materials or labor to a construction project, you have a right to be...

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Waiving Bond Claim Rights Under The Miller Act

Are You Waiving Your Bond Claim Rights Under The Miller Act? If you furnish to a federal construction project, and your contract includes a provision...

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Unsecured Creditors in Retail Bankruptcy Lose Out

The Importance of Being a Secured Creditor in Today’s Retail Climate In today’s highly credit-based economy, the looming threat of debtor bankruptcy...

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Court Says It’s a Ripe Claim Under the Miller Act

Court Says It’s a Ripe Claim Under the Miller Act Two subcontractors pursued recovery of unpaid funds under the Miller Act, while simultaneously...

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Pass-Through Claims and The Severin Doctrine

Pass-Through Claims, The Severin Doctrine & Why You Should Be “in the Know” In construction, a pass-through claim is when one party makes a claim on...

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UCCs and Liens Make Your Company a Payment Priority

Use UCC Filings and Mechanic’s Liens to Make Your Company a Payment Priority Businesses prioritize how, when and which vendors are paid and often pay...

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Substantial Completion, Completion and Acceptance

Substantial Completion, Completion and Acceptance Are Not the Same The Court of Appeals in Georgia recently deemed a supplier’s suit action was...

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Federally Funded Does Not Mean Federal Project

Federally Funded Does Not Mean Federal Project “The U.S. Government funded this construction project, so it’s a federal project, right?” This is a...

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