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Stop Chasing Lien Waivers & Streamline Pay Apps

Construction Business Owner

Promote to rotator No Rotator Image Status of webinar Upcoming Discover how to standardize your schedule of values, application for payment processing, lien waivers and change orders. Central A lack of standardization for processing pay apps means SOVs, compliance documents, lien waivers, etc. Tue, 11/05/2024 - 12:00 1:00 p.m.

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Mechanics liens up 40% as COVID-19 pandemic disrupts industry

Construction Dive

The increase in liens filed from January through March indicates that contractors and suppliers took action to protect their payments as projects began to shut down in response to the novel coronavirus.

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Subs on $1.5B Philadelphia Comcast Technology Center file millions in liens

Construction Dive

Multiple mechanic's liens were filed on the downtown high-rise project, alleging general contractor L.F. Driscoll, affiliates of developer Liberty Property Trust and others withheld payment.

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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?

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You Risk Paying Twice When Sub-Contractors Don’t Pay Their Bills

Wolgast Corporation

Liens Can Wreak Havoc on Funding. If you haven’t built a building in the last couple of years, you may be surprised when your banker tells you that they want to hire a Title Company to handle all of your payments to not only the General Contractor, but also directly to the General Contractor’s second tier Sub-Contractors.

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4 Key Habits of Large, Successful Contractors

Levelset

Levelset’s recent 2022 Cash Flow & Payment Report revealed some key differences between large, successful contractors and smaller construction businesses. Learn more: How to prequalify a general contractor. It’s a truth universally acknowledged that a contractor who’s not visible in the payment chain is less likely to get paid.

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Louisiana Suppliers – Extra Notice Needed for Lien Rights

Construction Law Monitor

Over the past holiday season, I was at a Christmas party discussing with a friend of mine who runs an electrical supply company here in South Louisiana, the intricacies of notice provisions before a company like his can file a lien on a private project. My office constantly invalidates liens that were not filed correctly.

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