ICON Debt Solutions Inc.

Builders Lien is a blessing in disguise for all the contractors, sub-contractors and laborers. It is a powerful tool that will assist bottom level workers in seeking justice against builders. One can file a builders lien , if he is recruiting laborers, supplying raw materials or working as a laborer in constructing a building. The best thing about builders lien is that it will FREEZE the land until the contractual debt is paid or until money is paid IN-TRUST until the dispute is resolved. It is one of the most powerful tools for contractors and sub-contractors who are failed to be paid. To be entitled to a builders lien you have to fall within the definition of a contractor, subcontractor or worker who, in relation to an improvement, who Provides work Supplies material, or does a combination of (a) and (b) works for the building construction To file a builder lien, you have to take care of 2 crucial dates which act as limitation period to file a bui...

Get paid, not played! This is what Icon Debt Solutions is here to help you with! Don’t ever get stuck in the position where you’ve already done the work, but not gotten compensated for it. This is how: Research your client’s credit before anything. If you do this, you will be aware of any risks that you can run into and avoid them before-hand. If you get paid later than the due date, you can use a late payment method where you charge an interest over your fee after every specific amount of time has passed. This will also encourage the client to pay earlier. More money in your pocket quicker ! Builders-Lien - Sign a contract with your client before performing any work. The contract will protect you form any form of risks of not getting paid. Document your work as you go along. The more you document, the more proof you have of your work progress and the payments you have made on behalf of the client. More receipts, more money ...

What is Builders lien ? In the simplest terms, Builders’ lien is when you have difficulty getting paid for the materials or your physical inputs i.e. Manpower supply. When you do something for someone and you are not getting paid easily for that, then you can file Builders’ lien in accordance with construction. In the layman's term, if you are a contractor, you have supplied manpower or materials for construction. And you are not getting paid on-time for your efforts; then you are liable for builders’ lien. A builders’ lien has a limited responsibility towards owners to protect not only their contractors but also subcontractors, workers, material suppliers, etc., who are not in direct touch with the owner. Every location and territory have different time period for filing builders’ lien. When a Builders’ Lien is placed, it is registered against the land title and can delay the release of funds or the sale-refinancing of the property. Filing a builders’ lien will force...