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A Constant Stream of Helpful Content on Getting Paid in Construction
Recourse Factoring vs. Non-Recourse Factoring: What Will Work for You?
There are two ways of factoring your invoices: recourse factoring and non-recourse factoring. This guide will walk you through the differences between these two types and their respective advantages and disadvantages.
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Filing a Preliminary Notice in Kentucky: What You Must Know
In Kentucky, failing to serve the mandatory pre-lien notice will result in the revocation of your lien rights. This means that even if you file a properly prepared mechanics lien, your lien will still be declared invalid due to your inability to comply with the notice requirements. This guide will walk you through the important rules and regulations when serving pre-lien notices in Kentucky, from what type of notices to prepare to the best practices that you must keep in mind when serving these notices.
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How to Link the Construction Site to the Office
The development and utilization of digital technologies along construction’s value chain have created innovations and altered processes that have enabled new functionalities and applications in the construction sector.
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Preliminary Notices in Connecticut: Preserving Your Lien Rights
Serving a pre-lien notice is crucial in protecting your lien rights in Connecticut. This guide details the process of filing these documents.
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How Asset-Based Financing Can Help Your Construction Business
Asset-based financing or asset-based lending is a financing method in which you use your assets as collateral when taking out a loan from a lender. When you borrow money from a lender, the lender will most likely require you to provide them some assurance that they will not be left empty-handed in case you default on your loan. If you borrow money from a lender through asset-based financing, you are using your upcoming payments or your physical assets as your so-called collateral.
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How to File a Mechanics Lien in Kentucky
A Kentucky mechanics lien is attached to a property’s records and effectively warns potential buyers to not purchase the property unless they want to inherit the outstanding debts that are related to it. Property owners are therefore wary of dealing with a mechanics lien because it limits the marketability of their property. This detailed guide will walk you through the steps in filing a valid mechanics lien in Kentucky.
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How to File a Mechanics Lien in Connecticut
Filing a mechanics lien in Connecticut is very powerful in getting you paid, but you must do it properly in order for your claim to be considered valid. There are many rules and regulations that you must follow if you want to make a strong and proper mechanics lien claim.
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Filing a Preliminary Notice in Utah: What You Must Know
Filing a preliminary notice is a must for all construction professionals in Utah. Failing to file a preliminary notice may be fatal to your right to file a mechanics lien. The preliminary notice is pretty standard for most states, but unlike other states, Utah has an online filing system that everyone looking to file a preliminary notice must use.
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How to File a Preliminary Notice in Alaska
In Alaska, a preliminary notice – commonly known as Notice of Right to Lien – is not a strict requirement. This means that you do not lose your lien rights even if you fail to serve this notice. However, serving this notice has many advantages that can help you make a stronger mechanics lien claim down the road.
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