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Are you incorporating the notice and lien process into your business practices? Are you afraid of your customer's reaction? Protecting your lien rights is a critical component of construction credit.

You did everything right to be in the best possible position to get paid: You investigated your customer’s creditworthiness, you obtained a signed security agreement and you filed a UCC Financing Statement. But your customer defaults. What do you do now?

Lien Waivers generate a “check & balance” system for project payments in exchange for work or material provided. Does your company have a solid understanding of the basics of lien waivers?

Do you realize the importance of obtaining job information as it relates to the protection of your lien and bond claim rights?

Concerned about extending credit for construction projects? Unsure how to minimize your risk? The lien and bond claim process frequently begins with a statutory preliminary notice. The requirements and timeframes for serving a notice vary from state to state. If this process is not precisely followed, your rights may be jeopardized.

What do you do if your customer files bankruptcy or defaults on payment? Article 9 of the UCC defines “equipment” as goods used or bought for primary use in business. In other words, goods your customer uses in the course of their business. The ability to take a secured interest in the equipment can help with credit decisions.

Worried how to protect your legal and financial interests in public construction? Not sure if you are covered under state bonding laws? Bond claims offer lawful protection for material and labor suppliers to projects owned by federal, state and local governments.

Extending credit for construction projects in Louisiana, New Hampshire, Tennessee, or Texas? Unsure about serving a notice, filing a mechanic’s lien, or filing suit in these states? By understanding the Mechanic’s Lien Process for states with Notices of Non-Payment, you can confidently take the necessary steps to secure your right to get paid.