Description

Unclear how to protect your right to payment for unpaid work? Join our CAGC member experts on Thursday, March 19th for a complimentary webinar on the IL Mechanics' Lien Act to learn how to file and perfect your lien, the notice and timing requirements of the Act and how the lien is impacted by a Release of Lien Bond.

Key program takeaways include:

• Overview of the Illinois Mechanics' Lien Act: Who can file a lien and what unpaid work/services are protected by the Act?
• Compliance with the Act: What are the procedural requirements, notice requirements and timelines for a valid lien?
• Release of Lien Bonds: What happens to the lien when an owner or general contractor files a Release of Lien Bond, and what are the next steps?

About the Speakers:
Caryn Maxfield, Senior Vice President, American Global
Caryn Maxfield serves as a key member of American Global’s Infrastructure Solutions team, leveraging her expertise to support clients as their risk and insurance advisor on P3 and Alternative Delivery Projects.  She also provides assistance to clients related to complex project pursuits, construction and design partner relationships and risk transfer and mitigation strategies. Caryn is an experienced attorney and former construction company executive with 18 years in the construction and surety industries.

Jim Preuss, Bond Manager – Contract, Liberty Mutual Surety
Jim Preuss worked his way through college working construction.  He graduated with a business degree in finance and real estate from the University of Wisconsin – Milwaukee and started his career in 1995 as a property manager / construction manager converting apartments into condominiums for Inland Real Estate.  In 2000, Jim accepted an opportunity in the surety industry. Through his 26-year career in surety, Jim has worked with large and small contractors, as well as subcontractors in various trades.

John Sebastian, Partner, Watt, Tieder, Hoffar & Fitzgerald
John Sebastian joined Watt, Tieder, Hoffar & Fitzgerald in 2013 as the managing partner of the firm’s Chicago office. He focuses his practice primarily in the areas of surety bond, construction and commercial litigation.  John counsels and advises clients on contract preparation, administration and termination, mechanics liens, and surety claims and defenses, as well as contractor, subcontractor and owner bankruptcies.