Construction Payment Blog

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What is a Mineral Lien?

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A mineral lien, also called an oil and gas lien, is a lien that attaches to the mineral rights, material, machinery, equipment, and/or leasehold interest in a property. A mineral...

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What are Transmittals in Construction?

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On a construction project, transmittals provide specific proof of what was sent, who it was sent to, and when it was sent. They help document the flow of information during...

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What is Consent of Surety?

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When a contractor secures a construction bond, the surety agrees to cover claims against the bond up to a specific limit. Any time there’s a change to a project that...

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10 Construction Industry Trends To Watch in 2021

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In 2020, the global COVID-19 pandemic had caused unprecedented disruption. For the construction industry, trends like the rise of teleworking, requirements for social distancing, shifts of resources, breaks in supply...

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