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NCS Credit Lien Index Q3 2023

kalford October 20, 2023

NCS Credit Lien Index Q3 2023

The Lien Index decreased to 51 in Q3. The decrease comes on the heels of a revised rate of activity for Q2 2023, in which the Index increased from 47 to 54. Despite the slowdown, lien activity is 13% higher than Q3 2022. Cyclically, we expect to see the Index climb in Q4. As the season winds down and the fiscal year comes to a close, disputes, change orders, and lack of cash flow will slow and even stop payments.

Download the full report for details.

 

How to Secure Credit with UCCs as Default Rates Rise

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Differences Between Conditional & Unconditional Lien Waivers

Learn the differences between conditional & unconditional lien waivers, when rights are released, how waiver language & state laws impact enforceability.

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Podcast: How Price Escalation Clauses Protect Subcontractors

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