A bond claim notice is the required communication preserving a claimant's right to recover under a payment bond.

A lien waiver releases lien rights in exchange for payment, executed conditionally or unconditionally.

Little Miller Acts require payment and performance bonds on state and local public construction projects.

A mechanics lien secures payment for labor and materials by encumbering the improved real property.

The Miller Act requires payment and performance bonds on federal construction contracts above a threshold.

A pay-if-paid clause makes the owner's payment to the general contractor a condition precedent to the subcontractor's right to payment.

A pay-when-paid clause delays a subcontractor's payment until the contractor is paid, without eliminating the obligation.

A payment bond guarantees payment to subcontractors and suppliers, providing recourse where lien rights are unavailable.

A performance bond guarantees completion of the contract work if the contractor defaults.

Prompt payment statutes impose deadlines for construction payments and penalties for unjustified withholding.

Retainage is a percentage of each progress payment withheld until the work is complete and accepted.

A stop notice directs an owner or lender to withhold construction funds to secure an unpaid claimant.