Preliminary notices, mechanics liens, stop payment notices, and payment bond claims are powerful resources for contractors, subcontractors, and material suppliers. However, to be fully effective in protecting and facilitating payment, they must be prepared and filed or delivered correctly. Any…

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Payment bonds play a crucial role in ensuring financial security and trust among contractors, subcontractors, and suppliers. A Payment bond is issued by a surety company (insurance company) to guarantee that a contractor (the principal) will pay their subcontractors, laborers,…

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