Be sure you project teams follow the rules to protect your rights.

1. Construction project have risk
   1. One area of concern is the risk of non-payment
   2. In most cases, we do have some protection against this
   3. In the US, it’s primarily Mechanics Liens and Performance & Payment Bonds
   4. Our project management teams need to protect our projects
      1. Both for non-payment by our client and false claims by our suppliers and subcontractors
2. Protecting against non-payment by our clients
   1. In the US we have mechanic’s liens that any company that provides labor or materials for the improvement of a property
   2. We also have performance and payment bonds that protect subcontractors and suppliers
   3. Each of these have specific requirements depending on the state
   4. Your project teams need to know these rules and follow them
3. Protecting against claims to us for non-payment
   1. Just like us, our suppliers and subcontractors have protection for payment from us
   2. We want to protect ourselves from any errors or false claims
   3. The primary tool for this in the US is lien releases / waivers
      1. Make sure your project teams and accounting understand the requirements and are collecting the proper paperwork before issuing payments