"Lien" Management
Summary
“Modern day” mechanic’s lien law statutes were created by legislators to protect builders against the property owner. Think of the mechanic’s lien as a pre-judgment remedy, which allows subcontractors, material suppliers and certain professionals to assert a claim against an owner’s property, when there may not be contract privity. http://dictionary.law.com/Default.aspx?selected=1617 Referring again to Arizona’s legislature, ARS 33-981(A), the following may file a mechanic’s lien: Every person who labors or furnishes professional services, materials, machinery, fixtures or tools in the construction, alteration or repair of any building, or other structure or improvement whatever, shall have a lien on such building, structure or improvement for the work or labor done or professional services, materials, machinery, fixtures or tools furnished, whether the work was done or articles furnished at the instance of the owner of the building, structure or improvement, or his agent. While that may sound like a simple statement, the ramifications are GINORMOUS for the accounting and project management divisions. If you have questions about liens or subcontractor compliance management, email Tony Merry or call 480-423-8300.