Furnishing Dates and Your Mechanic's Lien Rights
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!
Is the Project Private, Public or Federal?
In this NCS Extra Credit installment, Nadia Grabowski (Notice & Lien Specialist) discusses the importance of identifying the correct project type.
NCS Lien Index 2021 Q2
The Lien Index decreased 9.6% in Q2, following two quarters of increased mechanic’s lien activity (Q4 2020 and Q1 2021). The Q2 drop in mechanic’s lien activity was generally expected, and more so as the industry continues to adjust to pre-COVID economic and seasonal norms. Download the full report for details.
Payment Bonds and Bond Claims in Construction
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.
Podcast -- "Adapting to the Pandemic"
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.
NCS' Top 30 Commercial Credit Management Tips
Download this e-book to read 30 of our top commercial credit management tips from our Collection, UCC filing, and Notice & Mechanic's Lien Services.
Serve a Preliminary Notice to Protect Mechanic's Lien Rights in these States
The first step to secure mechanic's lien rights on a private project may be to serve a preliminary notice.
A preliminary notice is not a mechanic’s lien. It's a prerequisite to filing a mechanic's lien and identifies you as a supplier of labor and/or materials to the construction project.
Depending on the state in which it's served, a preliminary notice may go by a different name.
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.
NCS Lien Index 2021 Q1
After a turbulent 2020, the NCS Lien Index (LI) reflected some return to normalcy in the latter quarters of 2020 and Q1 2021. The Q1 2021 LI posted a -3.1. All US regions, except the southern states, have been trending down in total liens filed over the past year, with the northern states experiencing the steepest decline.
Download the full report for details.