Have you ever come across the words “Pay When Paid” or “Pay If Paid” in your construction contracts? Pay-when-paid and pay-if-paid provisions are ultimately about determining who will bear the...
Every Friday, we will select a few in-depth articles from the week that we think are worth your valuable time as a construction financial manager (CFM). We look for compelling...
Historically, companies in the construction industry have been either reluctant or unable to fully utilize the security granted to them by statute. The complexity of the rules and requirements associated...
Construction is a volatile industry, with exceptionally high failure rates and financial risk. This is not only true in financially troubled times. A recovering or growth economy can also spell trouble...
Managing and analyzing working capital, valuing accounts, and trying to raise company value are constants for construction company executives and construction financial managers (CFMs). The end of every year requires...
What happens after you file a lien? We hope you get paid, and that’s generally the case, but it doesn’t always happen. In the few cases when filing a lien does...
Participants in the construction industry are in an enviable position in that the ability to secure every extension of labor and/or materials on credit is built directly into the law, as...
Everyone in the construction industry knows the story. A project begins and everyone is getting along. The schedule and scope seems reasonable. Everything is perfect…until the first day of work....
Every Friday, we will select a few in-depth articles from the week that we think are worth your valuable time as a construction financial manager (CFM). We look for compelling...
Mechanics lien laws can be complicated and in light of a surge of P3 projects, this has never been truer. What makes a P3 especially tricky is being able to classify...