An owner records a conditional payment bond and believes the property is now shielded from construction liens. Is it?
Correct Answer
A) No, the property is not exempt from liens filed under part I
Section 713.245(3) states that the owner's property is not exempt from liens filed under part I, and that all lienors must comply with the part to preserve and perfect their lien rights. That is the trade-off for a bond whose coverage is limited to what the contractor has been paid.
Why This Is the Correct Answer
Section 713.245(3) states that the owner's property is not exempt from liens filed under part I, and that all lienors must comply with the part to preserve and perfect their lien rights. That is the trade-off for a bond whose coverage is limited to what the contractor has been paid.
More Contract Admin Questions
When must a signal person be provided during a crane lift under subpart CC?
How may a signal person’s qualification be established under subpart CC?
What does subpart CC require to be carried on crane equipment itself?
A competent person’s excavation inspection finds evidence of a possible cave-in. What does s. 1926.651(k)(2) require?
What does a "permit application" comprise where a private provider has done the plan review?
A tenant asks the general contractor to begin demolition inside an existing space before the permit is issued. What does s. 553.79(1)(a) provide?
The enforcing agency determines that permitted work is not in conformity with the Florida Building Code. What may it do under s. 553.79(1)(a)?
A permit is denied because the plans are found not to comply. What must the local enforcing agency give the applicant?
What must a request for a certificate of occupancy include on a private provider job?
A rejected payment application is corrected and resubmitted to a city whose charter requires the commission to approve payments. When must the city pay or reject it?
People Also Study
Business & Financial Management
120 questions · 70% to pass
Project Management
60 questions · 70% to pass