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Mechanics liens are one of the most powerful and common tools that contractors have in the event of nonpayment after a construction project. As you could imagine, each state has its own laws and regulations surrounding mechanics liens and no two situations are alike. That’s why the Levelset community features construction attorneys that provide answers to mechanics lien questions.
The main function of the preliminary notice is to increase transparency on the project. Along with that, preliminary notices speed up payments, and, in many states, sending a preliminary notice is a requirement for protecting your lien rights. The laws surrounding preliminary notices vary widely from state to state, so it’s important to make sure you stay informed.
Payment disputes are an unfortunate reality on today’s construction industry. The phrase payment dispute can mean many different things, and payment disputes of all kinds can arise from many different situations. This is mostly due to the complicated nature of the construction industry and the amount of red tape that surrounds construction projects. This stuff can get seriously complex, so if you need help with payment disputes, this is a good place to start your research.
At their core, construction contracts outline each party’s conditions, general information about the project, and the scope of work. They also include financial details such as the process for pay apps and the amount of retainage withheld and information on how change orders, notices, and other processes will be handled. Since no two contracts are the same, it’s important that you understand the ins-and-outs of these rules and what the terms of your contract are.