Construction Payment Blog

Bidding is an essential and integral part of the construction industry, but it can be a challenging skill to master. It appeals to humanity’s inherent competitive streak, pitting us against...

How profitable are your construction projects? Do you know which ones are making money and which aren’t? If not, a construction job profitability report will give you the information you’re...

Contractor profit in the construction field is a tough proposition. Between the painfully slow payment times and razor-thin profit margins, it can be downright difficult to get ahead, let alone...

It doesn’t matter how good they are at their trade or how well they run their business — subcontractors have a tough time getting paid. Even if you finish a...

No one wants to end the year with a backlog of overdue invoices, frantically calling customers to collect late payments, or reporting lost revenue in end-of-year financial reviews. But for...

The importance of accurate accounts payable and other accounting records in the construction business cannot be overstated. For most contractors, these costs drive their income. Managing accounts payables — ensuring...

Once a contract for construction is signed, there are typically only three ways to change the terms: change orders, construction change directives, and architect’s supplemental instructions. What are architect’s supplemental...

Mechanics liens are a powerful remedy to recover payment on construction projects: True. Mechanics liens guarantee that you’ll be paid: False. Even if you go through the entire lien process...

In some ways, subcontractors have it rough. Because the general contractor or another sub hires them, they’re rarely a thought in the project owner’s mind. Many of them have indispensable...

Cost of goods sold (COGS) makes up a substantial portion of construction contractors’ expenses. Most purchases are related to projects, either for labor or materials. Tracking these costs and keeping...