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A Constant Stream of Helpful Content on Getting Paid in Construction

New Mexico Notice of Right to Claim a Lien: Protect Your Lien Rights

New Mexico Notice of Right to Claim a Lien: Protect Your Lien Rights

November 22, 2019

Almost all construction parties in New Mexico are required to serve a preliminary notice, also known as Notice of Right to Claim a Lien. This notice must be served within a prescribed period to ensure full coverage for your possible mechanics lien. Read this guide to know all the pertinent details that you must keep in mind when serving a preliminary notice in New Mexico.

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Missouri Pre-Lien Notices: When, Where, and How to File

Missouri Pre-Lien Notices: When, Where, and How to File

November 20, 2019

Missouri is one of the states where the notice requirements are a bit complicated. The notice requirements in Missouri change depending on your role in a project, and there are also specific service methods that construction parties must abide by. This guide explains the basic information that you must know if you want to serve valid pre-lien notices in Missouri.

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Equipment Leasing vs. Equipment Financing: Differences, Pros, and Cons

Equipment Leasing vs. Equipment Financing: Differences, Pros, and Cons

November 19, 2019

If you are in the middle of making a decision between equipment leasing and equipment financing to meet your equipment needs, read this guide to understand their differences and arrive at a decision that best suits your situation.

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Montana Preliminary Notice: Serving The Right to Claim a Lien

Montana Preliminary Notice: Serving The Right to Claim a Lien

November 18, 2019

A Notice of Right to Claim a Lien is a mandatory notice for select construction parties in Montana. This is a comprehensive notice that lets property owners know that you have started working on their project and that you have the right to file a mechanics lien against their property if you do not get paid for your work.

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Recourse Factoring vs. Non-Recourse Factoring: What Will Work for You?

Recourse Factoring vs. Non-Recourse Factoring: What Will Work for You?

November 17, 2019

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

Filing a Preliminary Notice in Kentucky: What You Must Know

November 14, 2019

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

How to Link the Construction Site to the Office

November 13, 2019

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

Preliminary Notices in Connecticut: Preserving Your Lien Rights

November 12, 2019

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

How Asset-Based Financing Can Help Your Construction Business

November 11, 2019

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

How to File a Mechanics Lien in Kentucky

November 7, 2019

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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