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Payment Bond vs. Mechanics Lien: Which Protects Your Construction Payment Rights?
Imagine finishing a major phase of a construction project, expecting payment any day, only to find the general contractor has delayed or refused payment. You're not alone, construction payment disputes cost subcontractors billions annually, with the average payment delay stretching 83 days beyond terms. What options do subcontractors, suppliers, or laborers have to secure the money they're owed? Two powerful tools come into play: payment bonds  and mechanics liens . Both are
17 hours ago7 min read
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