Mechanics liens are great ways for a supplier, subcontractor, or even a contractor to take a step to ensure compensation for the work they perform on a construction Project. Usually, after the mechanics lien has been filed, the lien claimant can file a lawsuit to foreclose on the property. The mechanics lien filing and the subsequent foreclosure […]
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Enforcing Construction Lien Claims in New Jersey
Many contractors have broad comprehension of the hoops that are needed to file a lien claim under New Jersey’s Construction Lien Law (N.J.S.A. 2A:44A-1 et seq., the “CLL”). Many use LienItNow.com to file their construction liens. While many significant changes were made in the latest round of the New Jersey Construction Lien Law Amendments, much of the law was kept […]
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Construction Defect Insurance Coverage Decided by Colorado Court
Construction defect coverage is an often litigated issue. With contractor after contractor being sued for defective work, owners are constantly looking to the contractor’s insurance carrier to repair the defective work. Generally, the defective is work is not covered unless is results in other issues known as “third party damage,” such as leaking, On April […]
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Are You Up to Date?
Changing Mechanics Lien Laws Available Online at LienItnow.com Staying up to date with constantly changing construction lien laws will allow you to secure your lien rights on any project, without having to worry about changes in notice and deadline requirements. Lienitnow.com provides a database of construction lien statutes for every state, and this information is […]
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March Construction Spending Shows Gains: Another Boost for the Economy
After two months of declining spending, builders finally began to increase spending on construction projects. The Commerce Department released its monthly report and found that construction spending ticked up 0.1% in March. March’s gain resulted in construction spending at a seasonally adjusted annual rate of $808.1 billion. Last March, construction spending hit a 12 year low of $762.6 billion, resulting […]