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Mechanics liens up 40% as COVID-19 pandemic disrupts industry

Construction Dive

The increase in liens filed from January through March indicates that contractors and suppliers took action to protect their payments as projects began to shut down in response to the novel coronavirus.

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Does a Lien Affect Your Credit Score?

Levelset

If you receive a notice that a lien has been filed on your property, you may wonder how it will affect your credit score and your ability to borrow money or get credit. Mechanics liens are different from other collection instruments, so they are treated differently when it comes to reporting on your credit history. What is a lien?

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10 Ways a Mechanic’s Lien Gets You Paid

Construction Business Owner

Most people in the construction industry have heard of the term “mechanic’s lien.” But if you ask anyone to explain what a lien is, how it works or even how the word is spelled, you will likely learn that their knowledge about mechanic’s liens is basic at best.

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No-Damage-For-Delay Provisions and Lien Waivers Remain Enforceable — and Valuable — in New York

Constructlaw

A New York appellate court recently affirmed the dismissal of a subcontractor’s counterclaims for delay damages and for unpaid amounts because they were barred by the parties’ no-damage-for-delay provision and executed lien waivers, respectively. Pizzarotti LLC, a construction manager, sued its subcontractor, X-Treme Concrete, Inc.,

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The Bird Box Dilemma: When False Pay Apps and Lien Waivers Are Not Fraudulent Inducement

Best Practices Construction Law

In a recent case, Wollaston Industries v. certifications and/or lien waivers) to the prime contractors to obtain payment. But the real lesson for contractors is to make sure the payment provisions expressly address the use of conditional and unconditional lien waivers. Ciccone d/b/a Ciccone Door Services, (U.S.D.C. Mass) (Dec.

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Owners Can Get Cake and Icing Under New Tennessee Lien Law

Best Practices Construction Law

The new statute, signed into in May 2018, immediately created a cause of action providing for remedies for the successful challenge of the validity of a lien against a property. 4) Any actual damages incurred by the owner. 4) Any actual damages incurred by the owner.

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How Labor Shortages & Virtual Work Are Changing Purchase-to-Pay Processes

Construction Business Owner

The Associated Builders and Contractors projects the construction industry will need to add an estimated 546,000 workers in addition to the normal pace of hiring in 2023 to meet demands. Older generations of workers are retiring while others are considering careers in different industries or choosing not to return to work.

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