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Mechanics Lien School

6 Days to Mastering Mechanics Liens – Day 1: Understanding the Basics

Day One: Understanding the Mechanics Lien Lifecycle Whether you are a mechanics lien veteran, or just getting started, navigating lien laws across the country can be a mess. Having a general knowledge of mechanics lien basics – what liens are, why they exist, and how they work — provides a strong foundation to mastering mechanics liens, […]

Pay When Paid and Pay If Paid Clauses in California

Credit Application Series: Person v. Business Credit Check

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Cash Management RSS

cash flow

Construction Executive Risk Management Publishes Guide to Improve Receivables and Cash Flow

It’s no big secret that the construction industry faces payment challenges, and difficulties throughout the payment chain. When such a high volume of labor and/or material furnished on credit combines with the large number of parties on a project and the complicated payment structure tying them together, there are bound to be some hiccups. Payments become […]

Lien Policy: Best Practices and Overview

Construction Financial Management: The Year In Review

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Common Mistakes RSS

Mechanics Lien Mistakes

These Common Mistakes Can Invalidate Your Mechanics Lien

Parties in the construction industry who are unpaid after furnishing labor and/or materials to a project are generally able to secure payment through the use of a mechanics lien. There are many reasons why mechanics liens are the most formidable tool in the construction industry to virtually guarantee payment, but in order for the lien […]

Don’t Miss Your Lien Deadline By Waiting Until the Last Minute to File

3 Lien Waiver Mistakes That Can Burn Your Company

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Lien Policy

How A/R and a Lien Policy Work Together

A thorough Lien Policy can form the backbone of a strategic A/R collection plan. Implementing a lien policy can reinvent a company’s receivables, which leads to less bad debt and fewer write-offs. Getting Paid in the Construction Industry Is Tough Getting Paid in construction industry is harder than in most other industries. There are many reasons for this […]

Step Out of the Dark Ages: Why to Use Technology in Lien Policy and Receivables Management

The Problem With Lien Waivers (and How Document Automation Can Help)

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FAQs RSS

questions-liens

The Project Completion Date: When It Matters And How You’ll Know

It’s very common that we get questions about project completion dates and its effect on a party’s mechanics lien or bond claim rights. This is an important and tricky topic, and unfortunately, there aren’t very many answers. In fact, I spent 6 months last year digging into California county records to locate a solution to […]

Arizona Mechanics Lien Law: Preliminary Notices -The Basics

Stop Notice: What Is It?

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Lien Law Alerts RSS

Prompt Payment

California Prompt Payment Statutes Can Lead To Significant Penalties

The laws, rules, and regulations surrounding construction payment are complex, indicate, and can have significant consequences if not followed. As well as providing remedies for nonpayment (such as the security provided by mechanics liens) there are specific rules related to the time in which specific payment must be made, what percentage of the contract may […]

Harsh Result in Illinois Mechanics Lien Case

Bonding Around Construction Liens: What it Means for Contractors in Washington

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Personal Mechanics Lien Service – Getting It Done

Serving a mechanics lien, or providing a copy of the lien to interested parties, ensures that they receive notice and can promptly recognize and pay your claim. In most states, mechanics liens lien may be served through the mail, usually by sending it via certified mail – sometimes with return receipt requested. Not every state makes the […]

Construction Finance Glossary

FLORIDA LIEN LAW: THE CONTRACTOR’S FINAL PAYMENT AFFIDAVIT

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Scenarios RSS

Utah Improvements

Utah Court’s Definition of “Improvement” Is Poor, Should Be Reconsidered

Questions regarding a mechanics lien’s, or potential mechanics lien’s, validity are some of the most important questions considered by lien claimants. While there are many reasons that may cause a mechanics lien claim to be invalid, the most fundamental is whether or not the work performed is of a type granted mechanics lien protection – whether […]

Super Bowl Turf Installers Filed A Mechanics Lien: 3 Things This Teaches Contractors Everywhere

Decorative Holiday Lighting and Mechanics Liens

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Viewpoints RSS

Construction payment can be as beautiful as this landscape.

Construction Payment Utopia

The construction industry has a payment problem. While not surprising to construction industry participants, the extent of the payment difficulties encountered on construction projects can be surprising to those from other industry. The razor-thin margins, complicated payment structure, high failure rates, hidden parties, and confusing and unfair contractual clauses all combine to create havoc for parties […]

You Need Outsourced Technology to Manage Receivables – Here Are Options

Credit Management Is Challenging in the Construction Industry

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Working Capital RSS

Benchmarking b2b Receivables in Construction Industry

B2B Receivables and Collections Benchmarking Offers Lessons To Construction Industry Finance Professionals

In most cases, collecting on an invoice is not a problem, as a very high percentage of invoices are paid before they age past 90 days. Nevertheless, an entire industry of workers (i.e. credit managers) and vendors (credit monitoring, insurance, etc.) are dedicated to helping companies manage those instances when collecting an invoice is a […]

Take Control of Cash Flow With This CFMA Webinar

What National Payable Figures Mean To The Construction Industry

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