Protecting Your Contract Receivables: PA Mechanics Lien Law and Payment Bond Claims
The webinar helped attendees get up to speed on the recent changes in the PA Mechanics Lien Law and hear an important discussion on how to best protect your rights to payment. The speakers also covered guidelines on asserting payment bond claims, and pointers on how to best exercise contractual and statutory remedies promptly so as not to endanger receivables. Finally, the session covered details on how to evaluate at-risk receivables subject to each of the noted remedies and how to accurately and properly evaluate the financial reporting for such items.