By using the AIA G700-series documents, or similar documents, to properly record the contractor’s schedule of values, provide site observation to verify validity of contractor’s applications for payment, and to ensure that consent of the bond surety is secured prior to the release of any retainage or final payment to the contractor, as well...
1. Record before construction begins 2. Used to protect design Professional in case project isn’t built and owed money 3. Must record a notice of lien within 90 days after having reason to believe the landowner is not going to build the project 4. Expires if project construction commences or 90 days passes without...
1. Subcontractor: File 20-day Preliminary Notice with county recorder, then within 30 days of Notice of Completion must file Claim of Lien. Then within 90 days a foreclosure action can be taken 2. Sub on public project: Serve Stop Notice within 30 days of Notice of completion, then file an action on the stop...