Construction Payment Blog

Running a successful construction business takes a ton of knowledge, determination, and hard work. But why is it that some companies are able to grow and thrive while others stagnate...

Contractors trying to grow their business and take on larger projects often struggle to manage their cash flow to purchase the materials they need. Many contractors use trade credit to...

Construction is a risky business, with among the highest rates of failure of any industry. In recent years, inflation, supply chain issues, and labor shortages have only increased the likelihood...

A request for quote (RFQ) is a document that enables property owners, construction companies, and contractors to obtain detailed cost information about materials and services. Typically, businesses use RFQs when...

When a property owner files an insurance claim to cover a restoration or roofing project, the owner typically deals directly with the insurance company. They may not have the funds...

For subcontractors looking to work with Mayer Building Company (MBC), it’s helpful to research the company’s history, past projects, and payment procedures. Establishing a relationship with a new GC requires...

Restoration contractors often work on a property after damage from a storm, fire, or other natural disaster. On projects like this, property owners typically count on an insurance claim to...

Contractors often get a bad rap. While homeowners know they need a contractor to repair their house after a storm, complete a renovation, or build their dream home, they’ve heard...

Getting a big project can be a big win — but it also has downsides. Bigger projects require more materials and more labor, which means higher cash requirements. Contractors can...

Restoration and remediation contractors provide a unique blend of services. A lot of what they do is clean up and hazard removal, but many also provide reconstruction services to get...