Cashflow is the lifeblood for contractors. Without a steady stream of income, they can’t pay their suppliers, any subcontractors, or their employees in a timely manner. This could lead to unnecessary borrowing, lost money due to payment penalties, or unhappy workers leaving for greener pastures.
Read more3 Big Reasons Contractors Who Want to Get Paid Should File a Mechanics Lien
The following is a guest post by Justin Gitelman
Among common setbacks in the construction industry, nonpayment is a contractor’s worst nightmare. When calling, sending emails, submitting a preliminary notice, and other measures don’t yield any positive results, you may be left with no choice but to file a mechanics lien.
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