How do you get paid without resorting mechanics' liens?
lien rights are Constitutional, they don't have to be the only
way to get paid for your work if there are problems. The best
way is to craft a contract or only agree to contracts that have
a compensation clause that requires pay in a timely manner and
a clearly understood procedure for pay applications for work and
Look out for ambiguous or oppressive terms that could delay your
pay. Also be sure to have a clause that gives you the power to
stop work if you are not getting paid, or at least guarantees
that you will be paid for all work that isn't in dispute. If you
have enough contract terms in your favor, you should be getting
paid as you complete your work.
With a construction attorney negotiating your terms and conditions,
you can have clauses that provide for a fair and timely method
of compensation with a minimum of risk if the owner or general
starts to run out of money. There is no reason to have to wait
until the end of the project to get compensated for work done
Don't think that
a mechanic's lien is your only resource. A mechanic's lien attaches
to the property, which used to be a pretty solid bet. Now, it
is necessary to look beyond mechanics' liens and consider other
remedies such as judgement liens.
For more information
on this topic: click here Mechanics'
Liens, powerful but not always efficient"
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