I don't understand this statement, please explain in simpler terms:
Also for your protection, the contract should state that final payment will only be remitted upon a release of lien from the contractor AND HIS SUBS (if applicable).
What lien is that?
A lien is something a contractor`s vendors will place on your property to ensure that they are paid for their materials in the event the contractor "disappears".
Years ago,(40 in fact) we had an addition done to our home.We used a contractor referred to us by our neighbor,who was also hubby`s best buddy. We then became friends with the contractor and his wife as well-we were all the same age (late 20s) and had BBQs and dinners out together.
One day,hubby`s buddy called to warn us that Bill had told him that he was leaving the area-in spite of the fact that he and his wife had been born and raised in that town-parents were still there and all that.So he recommended that we check with the lumber yard to make sure that the materials bill had been paid. I called,and they wouldn`t even check for me. They said "Bill D? oh he`s fine,he`s good.He always pays his bills." Well within less than a week they were calling me to ask if I knew where he was-that he had NOT paid his bill and his phone was disconnected. Within days,we had lien notices placed on our front door-from the roofer,the window guy,the plumber and so on.Luckily,none of them had filed a pre-lien when the materials were ordered,so they were out of luck. The lumber yard was the only one that had,but I guess after my phone call warning them,they didn`t dare.
Also,in the end,I think that his dad jumped on him because given that they share the same name,Dad was getting a lot of the phone calls looking for him.