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Deadlines are called "dead" lines for a reason: bad things tend to happen when you miss them.
For those in the construction industry, you likely already know some of the big ones. You have 10 years from substantial completion to bring a latent defect claim, 90 days from recordation of a mechanics lien to file suit to foreclose on the lien, and you generally have 20 days from first furnishing work to serve a preliminary notice.
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