Construction-orientated credit professionals know the value of the lien and bond process and the basics: A perfected lien starts with a statutorily correct notice. In this session the preliminary notice will be stripped down to its basic components. This module will address the when, why and how the preliminary notice relates to retaining lien rights, while leveraging receivables down the ladder of supply. From state nuance, thru timeframes and required elements, this must view module will get you started down the right path.
Gregory Powelson is Director of NACM-Nationalís Mechanicís Lien and Bond Services (MLBS), headquartered in Columbia, Maryland. Mr. Powelson came to NACM after 18 years as Vice President of Sales and Marketing for NCS of Cleveland, Ohio. He teaches strategies that will guard against the construction debtorís number one objection to payment: ďI canít pay until I get paid.Ē Mr. Powelson is a dynamic speaker mixing facts with personal stories and insight to create a powerful message regarding the value of collateralizing receivables.