Mechanic’s liens serve as a legal tool for both contractors and subcontractors. Their purpose is to establish security interest in a property’s title to ensure payment, so it is essential to be thorough when filing. One small mistake can cost you the right to enforce payment rights.
During NACM’s Credit Congress in Las Vegas, a panel of experts spoke of “risk transfer” associated with construction documents such as purchase orders, waivers, joint check agreements and more.
