Substantial completion is a crucial milestone on any project; this date affects everyone's obligations, payment rights, and starts the clock on important deadlines.
Construction Payment Blog
Get help with everything you need to know about construction payments.
For jobs where a construction lender is present, the draw request process is an integral part of maintaining cash flow and financing on your project.
Government construction contracts can be a great source of revenue, but they also come with more regulations than private projects do. From registrations to bidding, to bonding, to retainage, there's plenty...
A construction contingency is an amount of money set aside to cover any unexpected costs that can arise throughout a construction project.
A construction allowance is an amount established in the contract documents to include in the total contract price intended to cover the cost of prescribed items that are not specified...
The Critical Path Method is widely used on construction projects to solidify the project schedule. Let's look at how it can create a more efficient project.
A retention bond operates in the same way as retainage. It guarantees the work is done according to the contract specs, without withholding cash.
Under the California False Claims Act, overbilling on public construction projects could destroy a business. Be sure to take extra care when billing California public projects.
Everyone in the industry has handled a construction purchase order. Let's look at how they're used and how they differ from other construction documents
Whether done by deductive change order or partial termination, reducing the scope of work on a project can create some headaches.
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