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Construction Bids
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May 12, 2016
A “notice to lender” under Washington law is a supplemental method for contractors to secure their rights to payment for work performed on private construction projects.
Submitting a timely notice to lender is the only way to ensure the validity of a contractor's lien until the value of work in place substantially exceeds the value of the lender's deed of trust securing repayment of its construction loan.
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