To provide contractors, subcontractors, materials' suppliers and vendors a legal method of guaranteeing payment for their services on construction projects, state statutes allow them to file liens ...

I am often approached by contractors who wish to file a construction lien regarding either a residential or a commercial project. It is not atypical for many of these contractors to believe that ...

Construction liens secure payment for labor or materials provided by contractors. Find out how state laws can affect the filing and resolution process.

This article originally appeared in the December 2023 issue of Security Business magazine. When sharing, don’t forget to mention Security Business magazine on LinkedIn and @SecBusinessMag on Twitter.

Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. Khadija Khartit is a strategy, investment, and funding expert, and an educator of fintech ...

Liens represent one of the primary mechanisms by which contractors, subcontractors, and other downstream parties secure payment rights under a construction contract. When utilized properly, filing a ...

Liens are creatures of statute and, as such, have been held to be in derogation of common law. The practical effect of the preceding sentence is that lien statutes that allow construction ...

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