If the contractor is financially strong, and files a letter of credit with the owner stating that she will have no difficulty in paying subcontractors, she need not comply with the lien legislation trust provisions.
Correct Answer:
Verified
Q2: Why can it be said that contractors
Q3: How does one perfect a lien?
A) file
Q4: Contractor A employed two subcontractors, B and
Q5: Why might a multiple holdback system result
Q6: The measured mile approach is suitable for
Q7: How are critical path activities defined?
Q8: What is the common feature of all
Q9: Which head of damage is generally most
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