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4 Reasons to Send an NTO
Submitting an NTO informs the project owner and general contractor that you are on the Project.
The project owner may have no idea that your company is working on their project and the value of the work you are performing. Sending an NTO serves as an alert that your business is actively participating in the project and billing.
Sending an NTO prioritizes your customer paying.
This notification serves as a reminder that your invoices are due, and encourages your employer to make payments on time. The parties involved in the project (owners, general contractors) will be the most interested in applying for Lien waivers which means that their payments will need to be up to date.
Submitting an NTO is much easier and less expensive than filing a property lien
This helps you avoid hiring lawyers to collect payment and it's just enough to keep the payments rolling.
Sending an NTO promotes your Business in the construction industry
It opens the channel of communication between contractors, subcontractors and suppliers in the chain. It is not bad publicity, nor will it leave you in a bad light. On the contrary, it is a very useful tool and valued by contractors.
Why
Avanza Services
- Fluent in both Spanish and English.
- Always available by phone or email.
- We will listen to your needs and offer any advice we can.
- A family business looking to help protect other family businesses.
- An ally to guide you, help you and share knowledge, in the process of sending and receiving your payments, making this process easier and more clear for the contractor and therefore your payments reach your hands without delay.
Important dates
Day 1
First Day of work or services or First Day of Delivery of materials
Day 45
Deadline to send a NTO.
Day 90
Filing a Lien.