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Bonding off liens: Projects keep moving and claimants get paid

from By Nate Budde

Mechanics liens are powerful tools. Through the consistent use of these security instruments, construction industry participants can nearly assure payment on every project. However, because liens are such powerful tools, they can have consequences that reach beyond getting the claimant paid. While filing a lien is a good way to make sure a company gets paid, one of the ways it can accomplish that feat is by throwing a wrench into the works of the project itself. more

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