If you are a contractor or subcontractor, you should be familiar with the requirements for preliminary notice service. The notice must be properly served to protect your payment bond or lien rights. If you are not sure how to go about the service, you should consult your state's laws for the required notices. Many contractors will hire a third-party service company to serve preliminary notices for them.
To ensure the highest level of service, choose a preliminary notice service that has a computer trail that reaches up to 18 months. Moreover, you need a service that is professional and reliable. If your notice isn't received within the deadline, you will only secure your lien rights for the period twenty days before the time of receipt of the notice. Learn more about lien company here!
The services provided by a preliminary notice service can help your business immensely. They ensure strict compliance with the lien laws of each state and can help you elevate your invoices to higher priority. This service also protects you from the risks of paying the wrong amount of money to a subcontractor. Further, you can be confident that your invoices will be paid sooner and more easily.
Whether you are a general contractor or a subcontractor, it is important to ensure that your notice is properly served. If you are a general contractor, you are legally required to serve the notice before work begins. It is a good idea to make sure that you provide your notices to potential lien claimants as well.
The preliminary notice form is often referred to as a Notice to Owner. It is used in 13 states, including Alaska, Arizona, Colorado, Indiana, Maine, Missouri, Oregon, Tennessee, Virginia, and Washington. In Washington state, preliminary notice service is also required for public projects. There are many different forms that can be used as a preliminary notice.
The notice must specify an estimated contract price. The value of materials, labor, and services should be included. However, some participants do not include this information, as this can expose mark-up by the GC and cause friction between the GC and subcontractor. The preliminary notice must also include an acknowledgement that it was received. This acknowledgement is important as it proves compliance with the notice requirements.Click view here for more information on preliminary notice.
In addition to the notice, a lien can be asserted against real property through the lien law. Liens can be enforced by workers, material suppliers, and subcontractors who have not been paid. Once served, the lien will be registered in the recorder's office within three days. This type of lien allows the lien holder to collect on a lien on a property.
Preliminary notices can be mailed to a property owner and can also be personally served. They must be served within thirty days of the date of a preliminary notice. If this deadline is not met, the lien holder will have forfeited its right to serve a preliminary notice. It's good to visit this site for more information about this topic: https://en.wikipedia.org/wiki/Preliminary_Notice