A subcontractor provided materials worth $25,000 and labor worth $18,000 to a project. The general contractor paid $30,000. Under NRS 108, what is the maximum lien amount the subcontractor can claim?
Correct Answer
B) $13,000
The lien amount cannot exceed the amount due and owing. Total work = $43,000, amount paid = $30,000, so maximum lien = $43,000 - $30,000 = $13,000.
Why This Is the Correct Answer
The lien amount cannot exceed the amount due and owing. Total work = $43,000, amount paid = $30,000, so maximum lien = $43,000 - $30,000 = $13,000.
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A material supplier delivers $15,000 worth of concrete to a job site on May 1st. The project is completed May 30th, and a notice of completion is recorded June 5th. What is the deadline for the supplier to file a mechanic's lien?
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