article thumbnail

Project Research Matters: Lessons From a Recent New Jersey Lien Case

Levelset

One of the most effective ways to secure that payment is by filing a construction lien. Filing a proper lien claim requires accurate information. Marjam Supply Company, highlights the importance of getting the project details correct before filing a claim. stating that the lien was invalid.

Lien 52
article thumbnail

The Consequences of Overstating Claims Under Colorado’s Public Works Act

Levelset

A recent Colorado Court of Appeals decision offers essential guidance for subcontractors filing claims under the Colorado Public Works Act. The case clarifies what can and cannot be included in a verified statement of claim, particularly concerning delay damages, and highlights the severe consequences of filing an excessive claim.

Claims 52
professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Does a Lien Affect Your Credit Score?

Levelset

If you receive a notice that a lien has been filed on your property, you may wonder how it will affect your credit score and your ability to borrow money or get credit. Mechanics liens are different from other collection instruments, so they are treated differently when it comes to reporting on your credit history. What is a lien?

Lien 96
article thumbnail

What is a ‘Mechanic’s Lien’: Understanding Your Rights and Obligations

Building Radar

A mechanic’s lien is a legal claim against a property for unpaid work or materials provided during construction or renovation. What is a Mechanic’s Lien? What is a Mechanic’s Lien? If the property owner fails to resolve the lien, the lienholder may seek foreclosure to recover the owed amount.

Lien 52
article thumbnail

#140:  Including Overhead and Profit In Mechanic's Lien Amounts

NH Construction Law

New Hampshire’s mechanic’s lien statute, RSA 447:2 , gives a lien to those who “perform labor, provide professional design services, or furnish materials” to improve someone’s real estate. The lien “provides security against the property owner for the value of the labor or materials rendered.”

Lien 40
article thumbnail

Simplifying Lien Waivers

Construction Business Owner

The mechanics lien is a powerful tool, but in everyday practice, the true value of a mechanics lien may be in waiving the right to claim one. Unlike the mechanics lien itself, waiving the right to claim a lien can work to the benefit of all parties and can be a true collaborative, relationship-building moment.

Lien 120
article thumbnail

Pennsylvania Appellate Court Clarifies Recovery and Service Requirements of Mechanics’ Lien Law

Constructlaw

The Superior Court of Pennsylvania concluded 2023 by issuing two opinions that clarify (1) the costs recoverable under the Lien Law and (2) the requirements for perfecting service of a lien claim. The trial court sustained the preliminary objections and dismissed the lien. Second, in Belfor Prop. Restoration v.

Lien 52