There are four basic reports that make up the core financial statements of a construction company: Balance Sheet, Income Statement (or Profit and Loss Statement), Cash Flow Report, and Work-in-Progress...

Mechanics lien rights are statutory rights, which means that you must comply with specific legal requirements in order to exercise these rights. And courts are typically unafraid to enforce those...

If you’ve gone unpaid while working on a construction project in the Green Mountain State, then a mechanics lien might be exactly what you’re looking for. A mechanics lien is...

You just received a demand letter from a sub or supplier. It says something about…a prompt payment law? It even threatens interest penalties and potentially court costs if you don’t...

Change orders happen on nearly every construction project. While they’re often necessary, they can be confusing, and and feel just like extra unnecessary work. But performing work – without written...

A mechanics lien is an incredibly powerful tool to ensure payment on a construction project. Given how effective they are, they must be kept in check to avoid any frivolous...

Getting paid on a construction project in California is complicated, and no two construction jobs are alike. Whether you’re an honest construction business that’s struggling to get paid, or a...

All residential contractors working in Maine should be aware that all of their contracts must be writing under the Maine Home Construction Contract Act. A violation under these provisions can...

If you’ve gone unpaid while working on a private project in Wyoming, you may want to consider filing a mechanics lien. A mechanics lien is one of the most powerful...

In 2019, these U.S. contractors had the highest rates of jobs without reported payment issues. Fast or on-time payments improve outcomes for everyone on a construction project. Good payment practices...