I have a lump sum contract with a contractor and have been getting none $ unconditional waivers from subs not on the SOV. What is my exposure to a lien if they are not being paid by the contractor?
A lump sum contract doesn’t protect you against liens filed by subs or suppliers. However, a sub or supplier who doesn’t timely send you a preliminary notice doesn’t have any lien rights against your property. It’s good to get Lien Waivers from the GC and from anyone who received a preliminary notice from since they’re the ones who could lien your property. It’s possible for a sub or supplier who does work late in the project (like the flooring sub or landscape contractor) to send you a preliminary notice at the end of the project so you should be aware of those subs and make sure you get lien releases from them as well even if you haven’t gotten a preliminary notice yet from them. I’m happy to answer any questions you have about this.