Associated Builders and Contractors (ABC) is a national trade association that represents more than 21,000 contractors, subcontractors, material suppliers, and related firms across the United States from all construction industry specialties.
A construction lien is a claim made by contractors, subcontractors, or suppliers who have performed work or provided materials but have not been paid. It ensures they are compensated by securing a legal right against the property where the work was performed or materials supplied.
A Prime Contractor, also known as a General Contractor, is primarily responsible for the overall coordination of a construction project. This role includes hiring and managing subcontractors, securing necessary permits, ensuring compliance with building codes, and overseeing the project to completion.
With over 3,000 definitions (and 30,000 Quizes!), our Lexicon of Real Estate Terms equips buyers, sellers, and professionals with the knowledge needed to thrive in the real estate market. Empower your journey today!