Lien

A legal claim or hold on a property by a contractor, subcontractor, or supplier who has not been paid for services or materials provided. Liens ensure that parties receive compensation for their work and can lead to legal action if unresolved.

Line Item

An individual entry in a budget, estimate, or invoice that specifies a particular cost or expense. Line item budgeting allows for detailed tracking of expenditures and facilitates financial management and transparency. Save line item templates and manage all labor and...

Liquidated damages

Pre-agreed monetary compensation for failure to meet contract terms, such as delays in project completion.

Live Load

The dynamic loads on a structure from occupants, furniture, vehicles, or equipment.