This session will explain the purpose of the Mechanic’s Lien laws, and the rights afforded to both claimants and owners. We will discuss how a mechanic’s lien can enhance the likelihood of collection. Participants will identify relevant contract language to be added or stricken as it relates to lien rights, and will identify notice requirements and filing deadlines to preserve lien rights.
After this session, you will be able to:
Identify project or contracts where mechanic’s lien claims may be an available remedy for non-payment
Recognize the elements necessary to preserve mechanics lien claims rights
Evaluation the effectiveness of preserving and/or prosecuting mechanics lien claims
Level & Prerequisites: This is a group-internet based program and the Intermediate level. No prerequisites or advanced preparation required.
Who Should Attend: CEO’s, CFO’s Controllers, Project Managers, Risk Managers, GCs, Subcontractors, Construction Managers, Equipment Suppliers, Sureties, Insurance Agents
CPE Information: Earn 1 CPE credit in the field of Specialized Knowledge.