Alright my construction entrepreneurs now let's talk about 2023 air nose which is now just call preliminary notice right and a lot of people refer to it as prelim now let's talk about the belief behind prelims there's a lot of us out there that feels that prelim is a little humbug is right feel that we shouldn't file a prelim because the general or the owner may feel a certain way and this is true because a lot of customers a lot of consumers and a lot of generals and a lot of subs feels that a prelim is actually you filing a lawsuit almost to that extent almost you're following something wrong as if something wrong has already been done and that's not the premise behind this right a prelim is to protect you especially as a subcontractor I need you to look at it this way a prelim actually allows the owner to know that you are working on that project now every owner wants everyone to be paid on that project why because everyone working on a project has a right to follow a lien against their property right, and we're talking about what of this residential commercial you have a right to file a lien against that if you're not paid okay now there are different processes with with each one they're similar, but they're different but let me explain this to you when you file a prelim which you should for every project should get a premium and we're going to go over a file in the prelim and a request for information to follow up for you then we're going to over that too as well and pull up some forms kind of go over that and show you how easy it is...
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How to prepare CA Conditional Waiver and Release on Progress Payment 2023 Form
About CA Conditional Waiver and Release on Progress Payment 2023 Form
How Does the Conditional Waiver & Release Work? It gives you the protection you need if your business loses money while your money is owed. You'll receive 10% of the amount you pay your clients. The 10% payments are sent out monthly until the full amount has been paid. What If I Fall Behind Payments? The Conditional Waiver & Release (CWT) is included as part of Level's standard account terms and conditions. If you don't pay at least 90% on a month, Level will stop making payments until the 90% is paid. Level's WT program is a great way to ensure you are in compliance with your state's requirements.
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