Windfarms proliferate in response to the growing need for renewable energy. At the same time, their birth and death can create collateral issues. For example, disposing of damaged turbine blades is a challenge. The blades are more than 100 feet long and could need to be cut to even fit on a semi-trailer for disposal.
Construction Liens
What Happens If You Don’t Have A Lien?
In each state, statutes govern the right to a construction lien. It is almost inevitable that someone, someday, will not meet a required step. The lien is lost, and with it, whatever leverage or payment security it represented.
There is still a balance to collect—unless the creditor has improvidently signed something that also waives the…
The Importance of Lien Waivers
Lien waivers do not get the respect they deserve in the realm of protecting the rights to payment in construction. In a prior post in this series we shifted the focus to the owner’s perspective on the problems of liens and payment including the need for collecting lien waivers. Lien waivers are important to both…
Using Payment Bonds to Protect Payment Rights in Construction
This is the sixth post in our Construction series, Protecting Payment. In the last post I suggested surety bonds as one way an owner could either avoid or “remove” liens. Consistent with our focus on the theme of protecting the right to payment, this post will focus on payment bonds for private construction. Payment bonds…
Protecting Payment–The Owners Perspective
This is the fifth in our series of blog posts regarding the protection of the right to payment in construction with a focus on mechanics and construction liens. This time the focus is reversed.
There are obviously two sides to the payment and lien equation. An owner’s perspective on lien claims is that there should…
What is a Lienable Contribution?
This is the fourth in a series of posts addressing the protection of the right to payment in the construction industry using construction lien rights as a tool. Prior posts reviewed the information and analysis needed to identify available lien protections and the early notices many states require. This post highlights the fact that things…
Early Notice May be Required to Qualify for Lien Protections
This is the third in a series of posts on protecting the right to payment in the construction industry. In the last post we reviewed the information and analysis needed to identify the protections available in a given situation. Collecting and acting on good and focused information are the key.
Next, however, comes the need…
Construction Liens Must be Protected Early – Sometimes Within Weeks of Starting a Job
This is the second in our series on protecting the right to payment in the construction industry. In the first of our series we set the stage for using construction lien rights to enable the credit that runs the construction industry and as a form of security for payment. Those lien rights are not self-executing,…
What and Why are Construction Liens Anyway?
This post is the first of a series to highlight means and methods for businesses in the construction industry to protect their rights to payment for what they do. Follow along as we touch on issues of contracts, collections, construction liens and the corresponding interests of the developers and property owners who build. Although the…