Construction Payment Blog

Lien waivers exist to protect property owners, lenders, and other parties funding construction projects from double payment and undue financial risk. Without a secure, signed lien waiver, these top-of-chain parties...

Introduction The construction industry presents unique challenges to finance and credit professionals. There is much more to minimizing risk and securing payment in construction than simply traditional credit risk assessment....

One of the biggest bonuses of green building is the money it can save. The resources are renewable, power generation is pollution-free, and beyond the initial investment, green building saves...

Although we would all like to blame our customers’ late payments wholly on them, it may be more productive to take a good internal look at construction invoice collection processes. This is...

Many states, like California, manage the amount of retainage withheld on public projects. In California, no more than 5% of the contract price may be withheld. Also, the normal practice...

Relationships are an essential part of any business. In fact, one of the main ways construction companies maintain and grow business, is by forming positive relationships with customers that lead...

Getting paid in construction is hard – fortunately, there are a number of tools you can use to speed up the process. But using these tools requires you to have...

Access to accurate data is essential to the mechanics lien process. Without properly identifying the project information, a document is useless. The following are just a few pieces of information...

Automation is the implementation of technology to control processes, both mundane and complex, and reduce human touch. Automation does not necessarily eliminate the need for human touch entirely, however. I...

Certain states allow lien claimants to include more than the amount owed in a mechanics lien claim. This might include associated costs (such as filing fees or interest) or, most...