Preliminary Notice & Lien Release Reconciliation Software
FOR EVERYONE RESPONSIBLE FOR CONSTRUCTION LOANS
Have you ever been caught in a situation where a contractor or subcontractor can legally lien your project for more than the balance of the contract funds (even after allowing for the "extras or overrun" allowances found in some state statutes)?
Have you ever tried to manually track which subcontractors are keeping up with their lien releases and which are not?
This can happen when lower tier subcontractors are not providing lien releases or not receiving payment for work that the general or upper tier subcontractor has been paid for.
This is a lot of work and you have to stay alert to avoid mistakes. If you only look at the file once a month as funds are drawn, the possibility of overlooking a problem that started last month is significant.
automates the tracking of lien releases.  It calculates the remaining lienable amounts that each subcontractor and the general contractor can file against the property or the payment bond.
Preliminary Notice and Lien Control software
WE HAVEN'T FOUND A SIMILAR PROGRAM AVAILABLE ANYWHERE
Project Services Company, Inc. P O Box 24628, Tempe, AZ, 85283  USA.
Click here to learn more
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