Earlier this year, a friend of mine had an interesting conversation with a young man who was subcontracting for a GC. The contractor owed the young man a pile of money and my friend was concerned. But the young man assured him there was nothing to worry about, because the contractor was a pal and would never stiff him. “Besides,” said the young man, “I can always put a lien on the property.”

That is never a wise assumption.

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