The construction industry has a payment problem. While not surprising to construction businesses, the extent of the payment difficulties encountered on projects can be surprising to those from other industries. The...
Most industries (and most jobs) have benefited greatly from advances in technology. The construction industry, however, lags behind most other industries in this area, particularly in the adoption of new software platforms. While...
You and your cash flow rely completely on your accounts receivable team. This is a huge responsibility, and one that should be taken seriously. To get the best results, AR...
Construction contracts, like many contracts, can be lengthy and complicated documents. While these agreements form the foundation for the relationship between the signing parties, they voluminous, and therefore, are...
The ability to use the mechanics lien instrument to secure extensions of labor and/or materials on credit is instrumental to the success of construction finance managers (CFMs). These statutory security...
Technology can significantly improve and simplify the life of a Construction Finance Manager (CFM), both personally and professionally. It makes little difference what particular job you have, it’s exceedingly likely...
A recent article outlined a proven technique to ensure that you secure payment on virtually every project. This relatively simple formula consists of 5 simple steps: Protect, Monitor, Warn, Secure, Enforce....
On October 17, 1979, the modern spreadsheet was born. On that day, the program VisiCalc was first shipped ushering in the age of the spreadsheet for the personal computer. For...
New technology has given rise to new avenues for direct connection between parties needing a service, and the parties who can provide that service. One of the fastest growing...
Every state has certain requirements that must be met in order to successfully file a mechanics lien. While many states’ guidelines are fairly easy to comprehend, that is not, unfortunately, universal....