Construction Payment Blog

Contractors are required to purchase general liability and workers’ compensation insurance. However, some contracts may require more coverage than a contractor has acquired. When this occurs, contractors can bridge the...

With so many options for insurance policies and coverages, it’s hard to know what contractors need to purchase and what they don’t. Inland marine insurance is one of those coverages...

Debt isn’t a bad thing when it is used strategically to grow your business. The smartest way to approach business debt is to know what you will need the money...

Vermont is known for a lot of things: maple syrup, cheddar cheese, Ben and Jerry’s ice cream, and beautiful fall foliage. What better state could exist as a base for...

The collection process can be one of the most challenging aspects of any construction business’s operations. If a customer is refusing to pay, and you have protected your payment rights,...

Sales and credit departments have a unique relationship: While a sales person’s main goal is to bring in more revenue, credit professionals are more concerned with mitigating financial risk. Because...

Construction bidding websites can help you find potential projects. Project owners, businesses, government agencies, and other entities with a project on the horizon can submit requests for proposals, and contracts...

Credit managers have a big job: They’re responsible for getting their companies paid and mitigating financial risk. However, time-consuming busywork like data entry, staying up-to-date with laws and regulations, and...

Construction companies frequently have a hard time collecting payment. Often, the challenge is simply due to the complex nature of the payment chain. But other times, it’s because a delinquent...

QuickBooks is among the most popular accounting software for construction companies, with built-in tools that allow users to create custom reports. Accurate job costing is essential use historical experience to...