By 7016540204
•
20 Jun, 2019
Notice of Commencement. A term that many of us did not know until "you know what" happened on October 10th. (That which we will not mention) If you own property that had damage and required a permit then you should have been asked to sign a Notice of commencement. This document should be recorded in the public records to let it be known that the contractor has commenced work on your property. This allows any sub-contractors that your contractor might employ to know who the owner of the property is and the contractor contact information. If, by chance, someone was hired to do work on the property and is not paid then they will know who to contact for notice of non-payment. Once the work is completed and everyone is paid in full, the contractor will file a Contractor's Final Lien Waiver Affidavit and you as the owner file a Notice of Termination. Once again this puts everyone on notice that the work has been completed and everyone has been paid. A Notice of Commencement is typically in effect for one year after the date of signing, However, if you want your work done in a timely manner you can insert a date that will give the contractor sufficient time to complete the project and not draw it for the year allowance.