This form may be completed and used by a subcontractor or supplier who has not been fully paid on a project and is seeking payment from the surety (insurer) under the terms of a payment bond. In construction, a payment bond is a bond on the general contractor to ensure payment to subcontractors and suppliers.
Kentucky Bond Claim Notice
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State:
Multi-State
Control #:
US-CONST3
Format:
Word;
Rich Text
Instant download
Description
How to fill out Bond Claim Notice?
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FAQ
About Kentucky Notice of Intent to Lien Form No one wants to be forced to file a mechanics lien, and this document gives all of the parties involved one final chance to take care of the payment issues on a project. This form advises the party that a lien will be filed if payment is not received within 10 days.
Filing a Bond Claim The consumer will contact the surety directly to engage this process. Claims against a surety company may be filed by homeowners, any person damaged by a willful and deliberate violation of a construction contract or by employees damaged by the contractor's failure to pay wages.
A bond claim means the claimant is alleging you haven't fulfilled an obligation of yours that may be covered under the bond.
Commencement notice (Private): No. Completion notice (Private): No. Preliminary lien notice (Private): Not required but recommended; can be filed at any time.
Every mechanics lien typically must contain the owner's name, a general description of the property and location, the name of the hiring party, the first and last date of work a description of the work performed, and the amount of money owed.
Commencement notice (Private): No. Completion notice (Private): No. Preliminary lien notice (Private): Prime contractor - Not required; Subcontractor - Not required but recommended.
To attach a lien, the creditor records the judgment with the county clerk for the Kentucky county where the debtor has property now or may have any property in the future.
