Question: Why are final lien releases requested by owners as part of the final payment process?

Why are final lien releases requested by owners as part of the final payment process?

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Construction Project Management Questions!

Q:

Placid Lake Corporation acquired 70 percent of the outstanding voting stock of Scenic, Inc., on January 1, 2017, when Scenic had a net book value of $530,000. Any excess fair value was assigned to...

Q:

Why are final lien releases requested by owners as part of the final payment process? How can slow payments from the owner affect the financial stability of a contractor?

Q:

Why are final lien releases requested by owners as part of the final payment process?

Q:

1.Questions 1-6 relate to the Shanghai Department Store Project we viewed in class.This building was constructed out of this reliable building material: A.Pre Cast Concrete B.Structural Steel...

Q:

property as collateral for a new loan she was in the process of obtaining to finance a hotel acquisition. Despite repeated assurances from various officers at First Bank of Green, no one at First...

Q:

Explain why this alternative is the recommendation. Use details here! Sell the company on your idea! Use the case below for help. (PARAGRAPHS) This is the alternative soultion**Merger & Acquisition...

Q:

SECTION 12.1-PROJECT CLOSEOUT Review the project closeout conditions and answer the questions that follow. 4. Project Closeout 4.1 Precloseout Activities - The General Contractor (GC) and...

Q:

lamaysim 9:53 y.e. Touch to return to call 48:56 by Luke and Leia, the owners of Skylark, a retailer of home entertainment. They have chosen Xero as their cloud-based accounting system and have...

Q:

I would like assistance to see if I filled out the attached Form 1040 Schedule C correctly. I am attaching Schedule C, Schedule C Instructions, and the instructions with the information to work the...

Q:

1. instead of a single family dwelling, it is a municipal public library project . When must Subcontractor provide written notice of a bond claim? When must Subcontractor commence a lawsuit on its...

Q:

Hello ther, I need help with my finance case study (Ramsey Co. Case study). Please see the attachments for details and instructions. Thanks, Ramsey Inc. 2013 Purchase Order Register March 1, 2013 -...

Q:

Using the parameters in Table 13.1, verify that equation (13.9) is zero. Purchased Written Call price 2.7804 2.7804 Delta Gamma Theta 0.5824-0.5824 0.0652 0.0652 -0.0173 0.0173 Market-maker...

Q:

Find g(0), g(- 1), g(5), and g(1/2) for g (x) = x / 1 - x2.

Q:

(B10a) (Calculating the PV) A scam artist collected $20 million from gullible investors for an oil-well-drilling scheme. The scam artist promised that he would pay off the investors in full wihtin...

Q:

An example of a drug allergy is. a. Dry mouth occurring with use of an antihistamine. b. Increased urination occurring with use of a thiazide diuretic. c. Breathing difficulty after an injection of...

Q:

Why is inclusion of subcontractors and other stakeholders a key part of the planning process?

Q:

What are the five steps in developing the plan?

Q:

Explain the three phases of the Critical Path Method.

Q:

Concord Corporation issued 1,200 shares of stock. Prepare the entry for the issuance under the following assumptions. (List all debit entries before credit entries. Credit account titles are...

Q:

Exercise 11-9 (Algo) Payback period; net present value; unequal cash flows LO P1, P3 Gonzalez Company is considering two new projects with the following net cash flows. The company's required rate of...

Q:

A comparative income statement is given below for McKenzie Sales, Limited, of Toronto: Sales McKenzie Sales, Limited Comparative Income Statement This Year $ 7,390,000 4,730,000 2,660,000 Last Year $...