North Carolina law requires a first, second or third tier subcontractor to provide notice of a lien claim to the property owner and principal contractor through this form.
Charlotte North Carolina Notice of Claim - Subcontractor 1,2,or 3rd tier - Individual
Category:
State:
North Carolina
City:
Charlotte
Control #:
NC-04-09
Format:
Word;
Rich Text
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How to fill out North Carolina Notice Of Claim - Subcontractor 1,2,or 3rd Tier - Individual?
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FAQ
North Carolina has a three-year statute of limitations period on actions for breach of contract and negligence. This means that claims based on a contract with the builder must be brought within this period, or they are barred.
Although each contractor has their own terms and their own way of approaching billing issues, the typical process involves putting money down at the beginning of the project and paying the balance at the end. There might be exceptions, however, as the job proceeds, that involve asking for additional payment.
The subcontractors hired by you, the general contractor, are called second-tier contractors. It's not uncommon to have your subcontractors hire additional companies to complete some tasks. Those companies are referred to as third-tier subcontractors.
Selected subcontractors (Cl. 15.0) are those selected by the principal agent together with the contractor. The contractor remains involved in scrutinising subcontractor tenders, but must also choose the successful tenderer to be appointed in consultation with the principal agent.
To summarise, a client is not obliged or entitled to directly pay a sub-contractor for works carried out on a project as there is no direct contractual relationship between the two parties (unless a collateral warranty between the two parties is present).
Hold The Payment It's important that homeowners do not make a payment until each stage or milestone is complete. Contractors will work more efficiently if it means they will get paid sooner. If they have already been paid for work they haven't done, they are less likely to make it a top priority.
Three points to be aware of: Monthly payments ? must be paid within 14 days of the tax month end or 17 days if paying electronically.
When a subcontractor has performed in accordance with the provisions of his contract, the contractor shall pay to his subcontractor and each subcontractor shall pay to his subcontractor, within seven days of receipt by the contractor or subcontractor of each periodic or final payment, the full amount received for such
When Can Contractors Withhold Payment From Subcontractors? The main contractor is able to withhold payment if the work or goods supplied by a subcontractor are deemed unsuitable. Evidence of this should always be provided along with the option to rectify any shortcomings.
Tier 1. Tier one contractors are generally seen as the most time-served and financially secure companies trading. They tend to take on more commercial and larger industrial projects ? typically of a large price.