Naden/Lean professionals have a deep understanding of the demands impacting the sub-contracting industry. We understand the number of issues that you have to deal with on a daily basis, including changes in building codes, dealing with investors, EPA regulations or employee safety. We know the importance you place on working with a team of skilled and knowledgeable professionals who have your best interest in mind. Sub-Contractor accounting services, sub-contractor tax advice, and other sub-contrator business consulting are areas we thrive in.
Our services include:
- Preparation of financial statements that satisfy your surety underwriter and your bank
- Immediate reporting to explain cost overruns to allow prompt action
- Improvements in your cost-accounting system and bidding procedures
- Determination proper overhead on projects
- Bookkeeping services
- Accounting method analysis
- Tax strategies for regular and alternative minimum tax
Notice Requirements Under
Maryland's Mechanics' Lien Law and
the Federal Miller Act
By: Bambi W. Stevens
There are important distinctions in the notice requirements between the Federal Miller Act (40 U.S.C., §270(a) et seq.) and Maryland's Mechanics' Lien Law (Md. Code Ann., Real Prop. Art. §9-101 et seq.). Under both the Miller Act and Maryland's lien law, a claimant who does not have a direct contractual relationship with the owner of a project must provide notice to the owner of its intent to make a claim. However, the determination of whether a claimant's notice is timely differs under each law.
Under Maryland's lien law, notice of intent to lien must be served upon the general contractor and owner of a project within one hundred twenty (120) days of the claimant's last day of work on the project. Under the Miller Act, notice of intent to make a claim on a bond must be served upon the bond principal and surety within ninety (90) days of the claimant's last day of work on the project. In Maryland, a notice of a mechanics' lien is timely served if it is mailed within the 120 day period, even though the notice may not be received by the intended recipient within the notice period. However, in Maryland, the Miller Act notice requirement is different.
For the rest of the article, click here.
Maryland Contractors, The Secrets to Getting Paid by Brian S. Jablon, Esq. - Adelberg, Rudow, Dorf and Hendler, LLC.
We endorse the American Subcontractors Association of Baltimore