This guide was created for subcontractors, suppliers, and anyone else facing serious construction payment problems.
It’s an old story: you’ve invested time and money into a project but still haven’t been paid what you are due. Why wait any longer? There’s good news out there for unpaid construction project participants: the mechanics lien.
We break down how and why to use a mechanics lien, as well as some of the potential impacts of filing a lien.
- Getting the attention of lenders and owners to speed up payment
- Setting a firm deadline
- Giving you leverage and ensuring that you get paid before others on the project
- Locking up the property
- Helping position you in bankruptcy
- Getting attorney fees within reach
- Causing contractual hurdles, pushing the people paying you to take action
A mechanics lien is not the only way to improve the payment process, but it is a reliable way to ensure you get what you’ve earned. This guide will help you understand the benefits and effects of filing a lien.