In Ohio, whether you’re a general contractor, a construction manager, a subcontractor or a material supplier, you’re aware of the power of Ohio’s Prompt Payment Act. The Prompt Pay Act (ORC 4113.61) requires that a contractor pay its subcontractor within 10 days of being paid by the owner for that subcontractor’s work. (Subcontractors must pay […]
Working in the construction industry comes with numerous risks – many that are outside a contractor’s control, but many (in fact, most) that are. One such risk is waiving rights to liens and claims in the middle of a construction project, through a lien waiver. What is a lien waiver? This is not intended to […]
Recently we published an article on the common ways contractors, subcontractors and suppliers lose their lien rights in connection with the work they perform on a given project. Traditional mechanic’s lien laws have been in place in Ohio for nearly 200 years. Effective September 30, 2021, Ohio expanded lien rights to include design professionals as […]
One of the strongest ways to secure payment rights on a construction project is through a mechanic’s lien. Contractors and subcontractors often “finance” construction projects with their work, which is paid for later. And like the banks that finance projects with money and secure their capital with mortgage liens, contractors and subcontractors (and suppliers) use […]
