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.
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.
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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.
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.
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.
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.
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.
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.