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NCS Credit Lien Index Q4 2023

kalford January 26, 2024

NCS Credit Lien Index Q4 2023

The Lien Index ended 2023 at 55. This is an approximate 5% decline in activity from Q3 2023 and a 4% increase in activity compared to Q4 2022. Even though activity has slowed over Q3, lien activity remains above 50, signaling payment issues on projects nationwide. The Index is predicted to stay over 50 in early 2024, as new construction starts aim to recover from a turbulent Q4. With fewer projects starting, cash flow challenges will surface in areas such as aggressive bidding, putting additional pressure on razor-thin margins. Download the full report for details.

 

How to Secure Credit with UCCs as Default Rates Rise

Learn how to secure credit with UCC filings as business defaults rise, impacting trade creditors and small businesses in a challenging economic landscape.

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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

How do escalation clauses protect subcontractors & material suppliers? Attorney Mark Gryzmala shares contract strategies to manage rising construction costs.

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