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.
Get help with everything you need to know about construction payments.
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.
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...
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....
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...
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...
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,...
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? 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 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...
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.
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...
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...
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...
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...
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...
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...
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...
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...
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...
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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