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When must a notice of commencement be filed for a project worth more than $2,500?

  1. Before beginning work

  2. Within 15 days of starting

  3. Within 30 days of starting

  4. After filing it with the court

The correct answer is: Before beginning work

A notice of commencement must be filed before beginning work on a project that exceeds $2,500. This requirement ensures that all parties involved in the project, such as contractors, subcontractors, and suppliers, are aware of the project and its financing. Filing this notice ahead of time helps establish a public record of the project, which is crucial for safeguarding the rights of those who may furnish labor or materials for the construction. Notifying prior to starting work facilitates a clear understanding of the responsibilities and legalities involved, enabling any party to verify the legitimacy of the project and its associated claims. It further aids in preventing disputes related to payments and interests in the property being worked upon. This proactive measure works to protect everyone involved in the construction process. Other timelines mentioned, such as filing within 15 or 30 days after starting, would not meet the legal requirements and could potentially jeopardize the rights of the contractors and subcontractors. The process demands prior acknowledgment to forge an effective and fair construction environment.