Get help with everything you need to know about construction payments.
As subcontractors know all too well, retainage is an owner’s or higher-tier contractor’s practice of holding a predetermined percentage from each progress payment to the next-lower tier of subcontractors, and...
A "CID" is an acronym that stands for "Common-Interest Development." This refers to self-governing groups of common property owners, such as condominiums or apartments that have an undivided interest in...
Contractors can take on a job after decent planning and enthusiasm, only to wonder what happened when they see a tiny profit or worse at the end of the project....
Most of the time when someone in construction is talking about a "mechanics lien deadline," they are actually talking about Step #3 above -- the deadline to file the mechanics...
Everyone who's been around for a while in the construction business has a story about not getting paid on time. The term "prompt payment" seems so straightforward, yet contractors find...
Let's drill down on some basics here. In the past we've discussed some pretty specific topics related to preliminary notices, but we don't often touch on some of the basics, such...
Taking on new projects or jobs places a large cash burden on construction companies, particularly for subcontractors that are forced to “float” the project costs up front. Since the amount...
The construction industry operates on such razor-thin margins that the slightest issue or problem on a job can be the difference between making money and losing money. The construction industry...
The phrase "the check is in the mail" has become a legend in the debt collection industry, as well as a rallying cry to describe the frustrations one experiences when...
A lien waiver is not just a piece of paper. It's actually a legal document that has significant ramifications when executed (a document is "executed" when it's signed). Signing the...
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