When securing your receivables through the Mechanic’s Lien & Bond Claim process, most often, statutory deadlines are dictated by a party’s first & last furnishing dates and/or completion of the entire project.
Let’s take a look at the definition of these important dates:
First Furnishing is the date on which the claimant first provides materials or performs services on a project.
Here are some typical examples of first furnishing:
- if you are providing only materials, the date the materials first arrive on the job site
- if you are providing only labor to the project, the date you first arrive on location
- if you are providing materials and labor to the project, the first date either materials or labor are provided to the job siteLast Furnishing is the date on which the claimant last substantially furnishes materials or performs services on a project.
Here are some examples of questionable last furnishing dates:
- punch list work
- remediationThe key to last furnishing is that it needs to be substantial.
Completion is the date of fulfillment of prime contract for work of improvement. Note: Completion is typically when the general contract is complete, not necessarily the dateyour contract is complete.
Acceptance is an official act where entry is made in the government records that a public work under contract is completed and accepted.