Construction Payment Blog

There are three main financial statements that businesses create and use: the balance sheet, the income statement, and the cash flow statement. They provide information to finance companies, banks, and...

You spend weeks waiting for payment and haven’t heard anything from your customer. You notify your client of the payment delay — and they tell you that your construction invoice...

If you’re dealing with slow-paying customers, you’re not alone. Chasing down customers for payment shouldn’t be the norm, yet for most subcontractors and suppliers, it is. In fact, a recent...

Just like in any other industry, credit card companies bombard construction businesses with offers. From zero-percent financing, to balance transfer and industry-specific rewards programs, these offers often seem great. While...

In this constantly-evolving industry, anyone responsible for a construction company’s credit operations should take advantage of the educational resources, certification, and networking opportunities. Credit management associations and industry trade groups...

Mechanics lien protection is something that anyone working in the construction industry has heard something about, but where does that power come from? In every state, mechanics lien laws give...

Payment problems and delays in construction aren’t just limited to the subcontractors and suppliers on a project. Architects have trouble getting paid, too. So, how do architects get paid? And...

As an accounting and human resources professional at a construction company, Joan Elmore has a lot on her plate. In fact, anyone working in billing, collections, or accounts receivable in...

Every project starts with funding — and some projects are funded through construction escrow accounts. These accounts are often opened by the lending institution to help with the distribution of...

The best way to know how much income you’re going to make in the future is to base your projection on the contracted work you have scheduled to start. A...