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The Lien Index decreased 4 points in Q1 2023 to 49, an 8% decrease from revised Q4 2022 and a 20% increase year over year. Over the last 12 months, the economic battle winds have blown payments well beyond timely terms, and even stopped payments entirely.

If you're supplying goods, equipment, or services to the foodservice, beverage, or hospitality industries, you are faced with a unique set of credit challenges. The most common challenge? The high rate of company failure.

Pay-If-Paid and Pay-When-Paid are contingent payment clauses. But what's the difference between the two and are they enforceable?

The Lien Index increased 3 points in Q4 2022 to 47, a 7% increase over Q3 2022 and 34% increase year over year. Throughout the last year, economists warned of the toll of high interest rates and possibility of recession, and we are now beginning to see significant signs of slowdown ahead.

The Lien Index increased 4 points in Q3 2022, an 11% climb over Q2 2022. As expected, Q3 mechanic's lien activity rose 11% over Q2, and activity remained lower than Q1, which peaked at 43. We anticipate the Index will increase 2%-5% in Q4. Download the full report for details.

The Lien Index decreased 8 points in Q2 2022, a 19% drop over Q1 2022. Despite the significant drop in mechanic's lien filings in Q2, the overall activity level is average for this time of year; nearly no change year over year.  In fact, the anomaly over the last 18 months was Q1 2022, when mechanic's lien activity hit its highest point since Q3 2020. Download the full report for details.

A UCC-3 can wear many hats. It can be used to continue, amend, or terminate your UCC filing. It can also be used to assign your interest to another secured party.

Check out this infographic to learn more about the UCC-3 and the role it plays in your security interest.

The Lien Index's rate of increase slowed from an adjusted +22% in Q4 2021 to +13% in Q1 2022. Although the rate of increase declined, mechanic’s lien activity increased nationally, as expected. Inflation adds tremendous strain, piling on to existing frustrations surrounding material and labor shortages and supply chain issues. Download the full report for details.

Every business has its own keywords, phrases, and acronyms. Here are some of the most common terms you may hear in mechanic's liens & construction credit.