Serve a Preliminary Notice to Protect Bond Claim Rights in these States
The first step to secure bond claim rights on a project may be to serve a preliminary notice.
A preliminary notice does not reflect negatively upon the creditworthiness of your customer or any party within the ladder of supply.
Depending on the state in which it's served, a preliminary notice may go by a different name.
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Mechanic's Lien & Suit Deadlines for Private Commercial and Residential Construction Projects
Download this 50-state quick reference guide for mechanic's lien and suit deadlines for both commercial and residential private projects. Plus, learn the difference between full vs. unpaid balance lien states, what is a lien on leasehold, what information should be included in a lien, and the importance of complying with state statute.
Bond Claim & Suit Deadlines for Public Construction Projects
Download this 50-state quick reference guide for bond claim and suit deadlines for public projects. Plus, learn more about payment bonds and the parties involved, how to identify whether a payment bond has been issued, how to serve a bond claim, and the importance of complying with state statute.
Preliminary Notice Deadlines for Private Commercial & Residential Construction Projects
Download this 50-state quick reference guide for preliminary notice deadlines for private commercial & residential projects. Plus, learn the difference between statutory and non-statutory notices, the critical role of deadlines, and the importance of complying with state statute.
Preliminary Notice Deadlines for Public Construction Projects
Download this 50-state quick reference guide for preliminary notice deadlines for public projects. Plus, learn the difference between statutory and non-statutory notices, the critical role of deadlines, and the importance of complying with state statute.
Still Using Credit Insurance? Here Are 5 Reasons to Consider UCC Filings Instead
Suppliers have widely used credit insurance to protect their accounts receivable, but credit insurance companies are cutting coverage and slashing policies to maintain their own bottom lines.
While insurance companies deliver crippling blows to businesses’ financial security, credit departments have been carefully reevaluating risk mitigation strategies, and it’s brought UCC filings into renewed focus.
All Lien Waivers Aren't the Same
Did you know, there are different types of lien waivers? There are four primary types of lien waivers: partial conditional, final conditional, partial unconditional, and final unconditional.
In most states you can use a general lien waiver template. But be careful, more than a dozen states have format requirements dictated by statute.
UCC Filings: Secured Transactions Overview
Article 9 of the Uniform Commercial Code provides an opportunity for trade creditors to secure goods and/or accounts receivable by leveraging the personal property assets of their customer. A properly perfected UCC Financing Statement grants the creditor a security interest, reducing the risk associated with extending credit. Download this paper to learn more about the scope of Article 9, including conveying a security interest and perfection, security interest priorities, defaults, and remedies.