Archive | July, 2009

The North Carolina Mechanics Lien Scheme

Funds and Financial RiskLike most states, North Carolina has laws allowing those who provide labor or materials or rental equipment to a construction project to “lien” the project in the event of non-payment.

While the general availability of filing a lien is a…

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Construction Outlook Grim through 2010 – Staying Ahead of Accounts Receivables To Retain Its Importance

Ken Simonson, the chief economist for the Associated General Contractors of America, doesn’t have good news for the construction industry as the challenging year 2009 drags into its 3rd Quarter.

According to Simonson, the commercial construction industry forecast remains grim “at least through 2010.”

For contractors, suppliers, and other construction professionals…

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What To Do If Your Lien is Challenged?

After you file a mechanic’s lien, parties who have interest in the project may ignore the claim, pay the claim or challenge the claim.

If they ignore the claim, you can of course file a lawsuit to enforce it.  If they pay the claim, you’ll likely next be required to cancel…

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