A recent 2nd District Appellate Court case vividly illustrates the importance of diligent record-keeping on construction projects and the dire financial consequences that can flow from a failure to do so. It emphasizes how crucial it is for a contractor to comply with Section 5 of the Mechanic’s Lien Act, 770 ILCS 60/5 — the section that requires a contractor to give the owner a sworn statement that lists all persons providing labor and materials on a project. The plaintiff contractor in Pyramid …