Construction Payment Blog

Construction mobilization is an important part of every project, but the cost of mobilization isn't always properly accounted for. Let's take a deeper look.

Construction schedules fall behind constantly. Fast-tracking and crashing are the two most common methods for getting construction schedules back on track.

Progress payments are particularly tricky to quantify. Listing the work and materials on a payment app only provides part of the story. Therefore, in order to properly review the payment application,...

Front loading a schedule of values is one way contractors and subs attempt to ensure steady cash flow, but there are risks that should be considered.

Job costing is essential to any business' bottom line, but it's especially crucial in the construction industry. The ability to effectively and accurately estimate your job costs on a project...

According to the Census Bureau’s Business Dynamics Statistics, nearly 2 out of 3 construction businesses fail within 5 years! That’s worse than retail, mining, agriculture, manufacturing, and wholesale. There’s really...

When project changes cause a loss of productivity, disruption claims can restore the bottom line. Don't confuse them with delay claims, though.

Construction performance bonds minimize financial risk for all project participants because they keep the project going, even when the prime contractor can't perform its duties.

Construction photo documentation is a great way to ensure the accuracy of your project's records and increase communication. Plus, if disputes about work come up, photos help to quickly get...

To properly bid and win projects, it's crucial to understand the two most common bidding procedures: invitations to bid and requests for proposals.