Tag: Multimedia
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Full Price Lien or Unpaid Balance?
The amount of money that can be secured by a mechanics lien varies from state-to-state. Most states’ laws follow one of two rules: Full Price Lien: The lien secures money for the total amount of work that has been provided by the lien claimant. Unpaid Balance Lien: The lien secures the amount of money that the property owner has…
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California Preliminary Notice Infographic
The California preliminary notice requirements are actually quite simple, but that doesn’t mean they lack details. To make all of those details easy to understand, we’ve created an infographic exploring everything you need to know about California’s preliminary notice requirements, such as: When to send it Who to send it to How to send it…
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Webinar on Construction Industry Financial Risk Trends – Did You Miss It?
[slideshare id=30299390&doc=2013-trends-construction-industry-prepare-financial-2014-140122071849-phpapp01] For CFOs, credit managers, and finance professionals in the construction industry, understanding the trends from 2013 is critical to manage your organization’s financial risk in 2014. Earlier this week, we conducted a webinar that highlighted 4 trends from 2013 that will matter in 2014. Those trends include: Trend 1: Cautious Optimism About Economy…
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Sending Preliminary Notice Late May Still Provide A Benefit
It’s no secret that managing preliminary notice deadlines, and sending preliminary notices within those deadlines, is a crucial aspect of lien policy and sound credit management for parties in the construction industry. In fact, the ability to track deadlines and determine when preliminary notices must be sent is one of the main factors that companies…
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Payment Bonds Protect Payment Rights on Public Projects: But When Are They Required?
Generally speaking, when a party performs work on a public works project, the necessary remedy for non-payment is to make a claim against the payment bond. Similarly to the mechanics lien right available on private projects, a bond provides security to ensure payment of parties working on the project. Unlike a mechanics lien, however, making…