Take Your Time, Be Thorough and Protect your Lien Rights
It takes multiple contractors, subcontractors and material suppliers to successfully build one energy farm, which means there are multiple opportunities for payment issues. Supply chain issues, special fabrication, change orders, construction defects and a company’s low liquidity, are common factors contributing to slow payment or no payment. Proactively securing mechanic’s lien rights on a wind farm will help protect your company in the event of non-payment.
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Identifying the right parties for notices and liens can be cumbersome
Because of the massive size of many energy projects, it can involve multiple contractors, subcontractors and material suppliers. Unfortunately, this also means there are multiple opportunities for payment issues, which contribute to non-payment on projects of these sizes. We can help sort through the ladder of supply and ensure the right parties are served.
Mechanic’s lien and bond claim rights can be extremely complicated
Proactively securing mechanic’s lien and bond claim rights, where allowed, will help protect your company in the event of non-payment. However, filing a mechanics lien on an energy farm is nearly as complicated as the construction of the farms. Correctly identifying the property through the legal description, as well as identifying the correct (and often multiple) owners, is no small feat. Let us help take that burden off your plate.
Failure to Use the Proper Forms Can Prevent Perfecting Your Security Interest
We’ve Helped Others Just Like You
If you extend credit, regardless of industry, our services will reduce your credit risk. But, you don’t have to take our word for it. Learn how some of our clients have implemented UCC filings or a mechanic’s lien process to reduce their risk and improve their cash flow.
NCS at a Glance
Our broad network helps us help you
Each industry is unique, with its own set of risks and challenges. Our expertise is vast, our resources are bountiful, and our experience has provided us the opportunity to develop and refine tailored and successful solutions, for credit professionals just like you. Whether you need to improve your cash flow and work capital, reduce bad debt write-offs, or simply need to free up your credit department’s time, our team is prepared to ensure you are in the best possible position to get paid.
What sets us apart?
We’re here to back you up, and get you paid.