A lien is a legal document that imparts ownership onto a third party until a specific debt is paid.
In other words, they made payments to the contractor without knowing what these payments were for.
Johnson is out $170,000 and has liens from subcontractors that weren't paid.
As I was moving off of the topic, I was asked to elaborate on why, design professionals are better than GC's.
The project provided the revitalization it was meant to, but the path it took was fraught with frustration.
These list are unwritten and never published, but this practice is alive and well in construction circles everywhere.
Johnston is so focused on procurement that he has completely overlooked the rest of the findings.
You can download a PDF version of my ProcureCon presentation here.
I basically told him that he could do anything he wanted and I would just accept it, and with few other houses on the market, I might have to do just that.
These policies are most effective when you are using a Cost Plus Open Book contract.
This infographic shares the various supplier profiles available and assesses the pros and cons of each.
Hundreds of the top Procurement Professionals in Facilities gathered to share industry best practices.