Construction Payment Blog

Rohit Arora, CEO of Biz2Credit, published a great article last week on Fox Business’ Small Business Center: 5 Tips for Handling Cash Flow Peaks and Valleys (as seen in HVACR Business...

In a recent decision, the United States Bankruptcy Court for the Northern District of Illinois gave out a first impression ruling on how to interpret a portion of the Illinois...

Specific requirements to secure mechanics lien rights vary depending on the state on which the project is located. This variability between mechanics lien laws is a frequent topic for me,...

Bond claims, like mechanics liens, have specific rules that must be followed in order for the claim to be valid. Also like mechanics liens, the rules that govern bond claims...

When there are multiple liens or other encumbrances on a property, and everyone is trying to get paid, the determination of which liens have priority is paramount. I recently discussed...

The Massachusetts Prompt Pay Act is set forth in the Massachusetts General Laws, Chapt. 149, Sec. 29E, and provides strict timelines by which the different parties to the contract must...

  Anyone in the construction industry knows that getting paid is a challenge.  Construction Week Online conducted a poll asking their visitors to look at their accounts receivables and state...

Credit professionals in the construction industry manage a ton of data, and rely very heavily on ERP systems to track project information, account information, and more. But what about your...

Sometimes, it seems as if determining whether pay if paid clauses and/or pay when paid clauses are enforceable in a certain state is nearly impossible. In many states, the question...

Pay if paid and pay when paid clauses are treated differently depending on the state. Some, like Illinois, North Carolina, and Wisconsin, have statutory restrictions on such clauses, and others,...