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The Lien Index jumped to 19.7% in Q4. Throughout Q4, national mechanic’s lien activity rose across all regions, though most significantly in the Midwest. The increased lien activity was as expected, and we anticipate high lien activity to continue into Q1 2022. Material costs, supply chain breakdowns, and labor shortages are continuing to pressure the industry and impede production schedules, and while the suggestion of an increase in interest rates in 2022 may combat inflation it will likely strain cash flow. Download the full report for details.
Here's a look at the Texas statutory changes effective for general contracts executed on or after January 1, 2022.
The Lien Index increased slightly to -9.03% in Q3, up approximately .5% over Q2. Throughout Q3, national mechanic’s lien activity remained relatively flat, though there were some significant changes regionally. We anticipate an increase in mechanic’s lien activity in Q4. Although a Q4 increase would be in line with seasonal trends, the industry will continue to contend with the strain on the costs and availability of materials and labor. Download the full report for details.
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.
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 / 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.
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.