Scott Wolfe Jr., CEO of zlien, has written a good article on how a Mechanics Lien can help you.
In the article he states “While the battle between policy and contract is likely to continue, for construction industry members both new and seasoned, it’s important to be aware of contract clauses and risk shifting devices.”. He then goes on to list some of the provisions to consider.
The economy has shown signs of rebound but financial risk still threatens the construction industry. Mechanics liens can help shift risk back up the chain.