To LienLok or Not to Lien

As a contractor or entrepreneur, your future income stream frequently hinges on the dynamics within the industry. While we all prefer to think that payment issues are unlikely, the reality is that they can arise at any time.

As smaller contractors, we often hesitate to raise alarms, especially with those who could provide us with more work.

In today's highly regulated environment, filing a Notice of Intent to File a Lien has become a standard practice. It is simply a procedural requirement in many construction and supplier agreements. The largest organizations in the country ensure their protection whenever a receivable exceeds certain thresholds. Whether it’s based on the project's dollar amount or its timeline, this process is in place to safeguard crucial rights. Moreover, approximately half of the states mandate pre-lien notices for projects within their jurisdiction before work commences. LienLok advocates for smaller operations to adopt these same practices and secure their interests. While you may not have a large team, now you have the support of LienLok!