What is a Current Ratio?

A notice of intent to lien (NOI)—sometimes called an intent notice or notice of non-payment—is a legal document that serves as a final warning from a subcontractor or supplier to the property owner, developer, or general contractor (GC) indicating their intent to file a mechanic’s lien against the property in the event of non-payment.

The purpose of an NOI is two-fold: First, it protects the subcontractor’s or supplier's rights to establish a legal claim against the property, allowing them to file a lien—or pursue legal action—if the outstanding payment is not made within a specific time frame. Second, it motivates the responsible party (i.e., property owner, developer, or GC) to settle the outstanding payment(s). This is because once a mechanic’s lien is filed, the property owner can’t sell or refinance the property until the debt is settled.

Currently, NOIs are only legally required in nine states:

• Arkansas (10 days before filing lien)
• Colorado (10 days before filing lien)
• Connecticut (Within 90 day lien period)
• Louisiana (material suppliers on residential projects 10 days before filing lien)
• Missouri (10 days before filing lien)
• North Dakota (15 days before filing lien)
• Pennsylvania (30 days before filing lien)
• Wisconsin (30 days before filing lien)
• Wyoming (10 days before filing lien)

However, regardless of state requirements, sending NOIs can be a beneficial and inexpensive step that increases subcontractors’ chances of getting paid (ideally without actually having to file a lien). Note that subcontractors must first submit a pre-lien (or preliminary) notice before submitting an NOI. Making both of these a standard part of accounting processes for past-due payments can improve A/R collection processes—and get payments in the door faster.

Along this vein, Siteline empowers subcontractors by providing visibility into outstanding payments across all projects, alerting them when it's time to pursue overdue balances—or issue an NOI for the most persistent cases.

To experience how Siteline can help your subcontracting business proactively manage payment processes, leverage NOIs when necessary, and accelerate cash flow, book a personalized demo today.

A construction lender is a bank or financial institution that provides short-term financing specifically for construction companies, developers, and builders working on construction and development projects. In commercial construction, these lenders control project cash flow by deciding when and how much money gets released throughout a project. Instead of providing all funding upfront, they release funds in phases as work gets completed and milestones are hit, which affects everyone involved in the project—especially subcontractors.

Here's how it works for commercial subcontractors: the lender has to approve each payment before the general contractor gets their money, and only then can the GC pay their subs. This means subcontractors are essentially waiting in line behind both their GC and the lender's approval process, which can stretch out payment timelines well beyond what's written in their contracts.

Construction lenders also require extensive paperwork before releasing funds, including lien waivers from all project participants and current insurance certificates. If any documentation expires or goes missing, it can freeze the entire payment process. This means subcontractors must stay organized with their accounts receivables, match their progress billing to lender draw schedules, and keep track of compliance deadlines for themselves and any lower-tier vendors and suppliers.

Siteline streamlines these A/R workflows by centralizing lien waiver tracking and submission, helping subcontractors prevent costly payment delays caused by missing documentation. Learn more here.

A Project Manager in the construction industry is a professional responsible for overseeing and directing the progression of projects from conception to completion. This role entails coordinating a team of professionals such as architects, engineers, and builders to ensure the successful completion of a construction project. Key responsibilities include preparing budgets, scheduling work plans, monitoring progress, managing risks, and ensuring quality standards. It is essential for a Project Manager to possess skills in leadership, negotiation, risk management, and problem-solving. Overall, their primary goal is to manage the project to finish on time, within budget, and in keeping with safety standards and regulations.