A second or third tier subcontractor is barred from enforcing a lien when a contractor, within thirty (30) days following the date the building permit is issued, posts on the property and files in the office of the Clerk of the Superior Court a completed and signed Notice of Contract form.
Raleigh North Carolina Notice of Subcontract - Corporation
Category:
State:
North Carolina
City:
Raleigh
Control #:
NC-07A-09
Format:
Word;
Rich Text
Instant download
Description
How to fill out North Carolina Notice Of Subcontract - Corporation?
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FAQ
It is recorded at the Offfice Of The Clerk Of The Superior Court where the property to be improved is located. A Notice Of Contract protects General/Prime contrators from liens filed by second and third tier subcontractors who fail to deliver a NORTH CAROLINA Notice Of Subcontract.
North Carolina requires that any general contractors working on contracts in excess of $30,000 obtain a license. Additionally, most subcontractors also need specialized trade licenses?though in some case they may need a general contractor's license as well.
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.
In North Carolina, a contractor must file a formal lawsuit after filing a mechanic's lien. In your answer to the lawsuit, you can challenge the validity of the mechanic's lien and continue to fight the lien through litigation. Of course, litigation always has the potential to be costly and time-consuming.
In North Carolina, a mechanics lien must be filed after the debt becomes due, but within 120 days from the date of last furnishing labor or materials to the project.
North Carolina Notice of Contract must be filed with the Clerk of Court in the county in which the property is located and posted in a visible location at the project site adjacent to the posted building permit.
No. North Carolina statutes do not require a Notice of Commencement or a Notice of Completion as in some other States.
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.
