Ultimate Guide to Preliminary Notice in Construction
This comprehensive article will explain everything you need to know about preliminary notices, why they’re so important, and best practices for everyone on a construction project.
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2020 Report: Construction Suffers From Wasted Time & Slow Payment
In theory, a construction project follows a tried-and-true process: Estimate a job, win the bid, do the work correctly, keep up with paperwork, get paid – all on schedule and...
Guide to Filing A Mechanics Lien when Coronavirus Impacts Your Job
Coronavirus is impacting construction jobs across the United States. Projects are being delayed. Supplies are being pinched. People are getting sick and quarantined. Cities are issuing “shelter in place” orders....
How Contractors Can Survive Coronavirus: Get Paid, Not Burned
Getting paid as a construction contractor is already hard without the coronavirus. Contractors face a major cash threat with the coronavirus outbreak and threatening recession. This article examines how current...
Construction Demand Letters – How To Write One That Gets You Paid
Contractors sometimes have to wait a long time for payment. A demand letter can be a powerful weapon in your arsenal to get paid faster. If you are waiting on...
How to File a Mechanics Lien: The Ultimate Step-by-Step Guide For Any State
A step-by-step guide on how to file a mechanics lien for any state in the United States. Outlines the process of filing a construction lien, including rules and requirements. Resources,...
What is A Notice of Intent to Lien And Should I Send One?
Learn why a Notice of Intent to Lien is one of the most effective ways to resolve a payment issue on a construction project. THE demand letter that gets results...
How Do Mechanics Liens Work? 17 Ways a Lien Gets You Paid
How do mechanics liens work? We've put together a list of 17 different ways a mechanics lien empowers the construction industry to get paid the money they've earned on their...
The Ultimate Guide to Retainage in the Construction Industry
The practice of retainage, aka retention, has a tremendous impact on the construction industry. Learn how retainage works on different types of projects and in different states. Article links to...
The Ultimate Guide to Lien Waivers in Construction
What are lien waivers in construction? This article is the ultimate guide for construction lien waivers including essential information and links to download any lien waiver form you need.
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How to Talk to the Sales Team About Mechanics Liens and Notices
When a new contractor heads out into the construction world on their own, they quickly realize that striking the perfect balance between sales and credit takes concentrated effort. As their...
The Balance Sheet: A How-to Guide for Businesses
There are three main financial statements that businesses create and use: the balance sheet, the income statement, and the cash flow statement. They provide information to finance companies, banks, and...
Invoice Rejected? What Contractors and Suppliers Can Do
You spend weeks waiting for payment and haven’t heard anything from your customer. You notify your client of the payment delay — and they tell you that your construction invoice...
4 Reasons You’re Dealing With Slow Payment on Jobs — and What You Can Do About It
If you’re dealing with slow-paying customers, you’re not alone. Chasing down customers for payment shouldn’t be the norm, yet for most subcontractors and suppliers, it is. In fact, a recent...
7 Tips for Construction Businesses to Use Credit Cards Wisely
Just like in any other industry, credit card companies bombard construction businesses with offers. From zero-percent financing, to balance transfer and industry-specific rewards programs, these offers often seem great. While...
The Best Credit Management Associations & Groups for Construction Pros
In this constantly-evolving industry, anyone responsible for a construction company’s credit operations should take advantage of the educational resources, certification, and networking opportunities. Credit management associations and industry trade groups...
How Texas Lien Law Was Won: The fight against a legislation change
Mechanics lien protection is something that anyone working in the construction industry has heard something about, but where does that power come from? In every state, mechanics lien laws give...
How Architects Get Paid — and Why They Don’t
Payment problems and delays in construction aren’t just limited to the subcontractors and suppliers on a project. Architects have trouble getting paid, too. So, how do architects get paid? And...
Three Ways to Save Hours of Work on Receivables Each Week
As an accounting and human resources professional at a construction company, Joan Elmore has a lot on her plate. In fact, anyone working in billing, collections, or accounts receivable in...
Construction Escrow: What Contractors & Suppliers Need to Know
Every project starts with funding — and some projects are funded through construction escrow accounts. These accounts are often opened by the lending institution to help with the distribution of...
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