Get help with everything you need to know about construction payments.
Compliance with mechanics lien laws is tough enough when you only need to figure out the required deadlines and the information that needs to be included on the lien itself....
In the world of surety bonds, payment bonds are often the overlooked siblings of performance bonds. As explored in a previous frequently asked questions post — The Difference Between Payment...
State requirements everywhere setting forth the preliminary notice and construction notice requirements leave a lot to be desired in addressing practical issues that arise when complying with the same. This...
Mechanics lien and Preliminary notice requirements can be difficult to figure out even in the best of circumstances. When additional confusion is thrown into the mix, like confusion over precise...
A thorough credit application is an integral part of any company’s credit management policy, including companies in the construction industry. Credit applications aren’t sexy to look at, but when specifically...
At the Construction Financial Management Association’s Annual Conference in Las Vegas, we encountered a very large general contracting outfit who has a lot of financial risk shifting procedures in place. They...
In many states, sending preliminary notice is a one-time requirement, a boxed to be checked off and forgotten. Sure, the timing requirements or deadline calculations may be difficult, and complicated...
Doesn’t it seem like there are three phases to most construction projects? — (1) Pre-Construction, (2) Construction, and (3) Lawsuit? Contractors, subcontractors, and specialty contractors are optimists. They bid jobs...
The construction industry runs on credit. Almost every construction industry participant furnishes their work and/or materials without requiring payment prior to delivery. On many projects, the value of the labor...
“Financial risk” on a construction project is an expansive topic, and includes problems with under-funded or underbid projects, contractor default problems, misappropriation of project funds, contractor failure, and more. A...
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