Construction Payment Blog

Commercial construction can be a lucrative business, but it’s not for the faint of heart. Companies working in the commercial industry need to have plenty of cash in reserve or...

Can you imagine decreasing your average days sales outstanding (DSO) by 50 percent? Wendy Hilton, who manages accounts receivable at Concrete Related Products (CRP), thought that getting paid that much...

Construction projects are major undertakings. There is a lot of coordination required by different companies and teams throughout any construction project. Communication shortcomings can cause slowdowns, errors, and budgetary overages....

Scoring a bid on a project with a general contractor like Clark Construction almost always means your company is doing something right. That’s because big general contractors won’t contract with...

When questions or issues arise on a construction project, everyone needs to get on the same page. An RFI, or Request for Information, is an essential tool for effective communication....

Budgets are a necessary tool in any contractor’s toolbox. They help contractors know where you are in a project, how your production is going, and whether you’ll make any money....

There is a fear among suppliers and contractors that sending preliminary notices will damage relationships with customers. However, many companies in the construction contracting industry have found the exact opposite...

Gilbane Building Company is attractive to subcontractors and suppliers because of their impressive track record and focus on family values. If you’re thinking about working with them, this subcontractor’s guide...

The terms estimate, bid, proposal, and contract are often tossed around as though they’re interchangeable, but they are very different things. Estimates, bids, and proposals are used to negotiate a...

In construction, a takeoff is the process that contractors use to figure out the exact quantity of materials needed for a specific project. Also known as a material takeoff or...