Construction Payment Blog

Construction is inherently risky. The objective going into any construction project — regardless of whether you are an owner, design professional, contractor, subcontractor, or even supplier/fabricator — should be to...

Ellie Holman, the Office Administrator at Holman Inc., knows all about the frustrations of not getting paid. Ellie often found herself in situations where Holman Inc. was owed payment, but...

Construction is a tough business. It takes a strong work ethic, great problem-solving skills, and a dedication to customer service to survive. Ask most contractors about it, and they’ll tell...

Architects spend their entire careers thinking, reading, and wondering about materials. Over time, we develop very clear favorites. The choices are based on many factors — durability, aesthetics, ease of...

Are you ready to work with a large general contractor like DPR? This subcontractor guide to DPR Construction will walk you through their company history, prequalification process, payment process, and...

If you want to take on new customers and grow your business, you have to constantly assess the financial risk or reward involved. As your business grows, you will need...

Schedules are important when managing any type of project, but especially in construction. Project team members rely on the accuracy of a project schedule to help them know when and...

A construction backlog can be an indicator of a company’s financial health, and some very important players might use it to determine the risk you pose for them.  When you...

Construction is one of the slowest-paying industries. A recent survey by Levelset and Fieldwire says that most contractors and suppliers wait an average of 83 days for payment for work...

Construction accounting is different from regular business accounting. In addition to the standard accounts payable, accounts receivable, and payroll transactions, construction companies deal with retention, job costing, change orders, progress...