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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?
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.
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.
Here's a look at the Texas statutory changes effective for general contracts executed on or after January 1, 2022.
Notice, mechanic's lien/bond claim, and suit deadlines are frequently calculated from your first furnishing date, last furnishing date, and/or the date of entire project completion.
Are you serving preliminary notices, filing mechanic's liens, and serving bond claims? Make sure you know your furnishing dates!
In this NCS Extra Credit installment, Nadia Grabowski (Notice & Lien Specialist) discusses the importance of identifying the correct project type.
Payment bonds / bond claims are a payment security often available for those furnishing to public and federal construction projects, and even the occasional private project.
In this infographic, you will learn who is a party to the payment bond, who is protected by the payment bond, how to know whether a payment bond has been issued, and when and how a bond claim should be served.
In this NCS Extra Credit Podcast premier, Don Provident (NCS Marketing Manager) and Amy Poje (Director of Operations) discuss how NCS has adapted to best serve clients during the pandemic.