On a private project, which of the following actions by a subcontractor who had not been paid by the contractor is most likely to be an effective collection measure?
Verified Answer
On private projects, if a subcontractor is not paid, they may file a mechanic's lien against the owner's property. This legal tool can delay or block sale or refinancing until the debt is settled. It is often the most effective method for securing payment on private projects.
* A mechanic's lien attaches to the property, putting legal and financial pressure on the owner to resolve the issue.
* This is more effective than a collection agency or contacting the surety (which applies only if there is a payment bond, usually on public projects).
* Reference: AIA A201 9.6.5
* NCARB ARE 5.0 Handbook -- PjM Content Area 5: Construction Phase Responsibilities
Albina
1 day agoRosenda
6 days agoClay
11 days agoDulce
17 days agoTheresia
22 days agoRaul
27 days agoNicolette
2 months agoLynsey
2 months agoChantell
2 months agoGeorgeanna
2 months agoKenneth
2 months agoLeanora
2 months agoAimee
3 months agoApolonia
3 months agoNichelle
3 months agoJanae
3 months agoNickolas
3 months agoAlline
3 months agoSimona
4 months agoLakeesha
4 months agoNorah
4 months agoNickolas
4 months agoTijuana
4 months agoSunny
5 months agoJame
5 months ago