Author Archives: Kim Grennan

March 23rd, 2021

How Sending Prelims Can Improve Cash Flow

Every contractor knows that cash flow is an essential part of a construction business. However, the downside is that but it can be a challenge to keep up with as project payments can move at a slow pace. You have to take care of your workers and suppliers. Paying them ASAP is critical, however, it […]

Read more
March 19th, 2021

Everything You Should Know About Lien Waivers

Everyone on a construction project benefits from lien waivers as they are an important tool in the construction payment process. Lien waivers are the release of lien rights up to a predetermined dollar amount. This is usually done once payment has been received by the contractor, sub or supplier. No one wants to deal with […]

Read more
February 26th, 2021

Loss Analysis Of NOT Sending A Prelien

At the end of the day, filing a lien is a  great way for contractors to protect their rights. However, many don’t realize how crucial it is in states where it’s required. If a situation arises where you need to move forward with a mechanics lien, making this first deadline is critical and doesn’t cost […]

Read more
February 23rd, 2021

Should You Send a Preliminary Notice On Every Project?

In short, yes! There are so many benefits to subcontractors who send preliminary notices (preliens) on every project. However, because of negative associations that come with preliens, many become hesitant and don’t send a prelien as part of their business process. As a result, they’re missing out as everyone can benefit from a prelien. Advantages of […]

Read more
what is an arizona mechanics lien
February 5th, 2021

Arizona Mechanic’s Liens: Everything You Need to Know

What Does An Arizona Mechanic’s Lien Do?  A mechanic’s lien is a legal tool that gives unpaid contractors a security interest in the property that they worked on without pay. As a contractor, it’s important to be educated on the lien laws in your state to ensure that your lien rights are protected and that […]

Read more
letter of intent to lien
February 5th, 2021

What Is A Letter of Intent to Lien?

What is a letter of intent to lien? Simply put, a letter of intent (aka notice of intent) is a payment demand letter. When your client hasn’t paid you for your work, you can send this document as a warning that if payment isn’t made, a lien is right around the corner. It is often […]

Read more