Get help with everything you need to know about construction payments.
Cash flow is an important aspect of a contractor’s financial evaluations and forecasts.[1] An owner’s failure to pay timely can break a contractor. Florida law provides contractors with a statutory...
Great credit managers are essential to achieving great collections and A/R results. Perhaps more importantly, credit managers can pave the way to (and maintain) healthy, lasting relationships with customers. Below...
The unfortunate truth is that slow payment and non-payment are the construction industry’s most common issues. Many parties furnishing labor or furnishing materials for a construction project will have to...
Thousands of times every day, contractors and suppliers prepare and send a “Notice to Owner” or “Preliminary Notice.” Typically, a supplier or contractor will prepare and send the document in-house,...
On the surface, extending credit to customers seems like a no-brainer; it’s an incredible way to attract and retain customers and build long-term, profitable relationships – but there are significant...
Filing a mechanics lien protects against nonpayment and other financial pitfalls. However, when banks or other third-party lenders get involved in a construction project, the situation can become complicated. A...
One of the most common objections I hear when speaking to material suppliers and subcontractors regarding preliminary notices is the concern that such notices will scare their customers. While this may...
The American Subcontractor Association just released a video explaining its Legal Defense Fund, which is a fund established to support the association’s mission of protecting subcontractors’ interest. In a world...
We have talked about the many ways mechanics liens can get you paid. Sometimes, however, litigation may become necessary and you will need to file a lien enforcement action. If...
Preliminary notice requirements are common throughout the U.S. These requirements serve to both provide visibility to the property owner of parties that may otherwise go unnoticed, and to protect the noticing...
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