Construction Financial News
The latest construction industry news, payment trends, and financial insights.
Featured story
1,001 Women in Construction Speak Out About the Industry
The construction industry is not typically associated with women, who accounted for just 10.9% of industry employment as of last year. But with 7.4 million total workers in the building...
Mar 8, 2021
Recent stories
Virginia Narrows GC Liability Under the New Wage Theft Law
Almost a year ago to date, Virginia passed a new law making general contractors on...
May 7, 2021
SMC Construction Accuses Millwork Company of Contract Breach & Fraudulent Lien in Florida Lawsuit
Florida contractor SMC Construction Southeast, LLC filed a lawsuit against Missouri’s Claypool Holdings, LLC d/b/a...
May 7, 2021
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Problem projects
SMC Construction Accuses Millwork Company of Contract Breach & Fraudulent Lien in Florida Lawsuit
Florida contractor SMC Construction Southeast, LLC filed a lawsuit against Missouri’s Claypool Holdings, LLC d/b/a Merric Millwork and Seating on...
May 7, 2021
Unpaid Manufacturer Adds Lawsuit to Lien in Dispute at Indianapolis Environmental Testing Facility
SoFi Stadium Contractor Files Suit to Foreclose on $900K Mechanics Lien
Industry trends
Hospitality Decline Drives Buffet Chain Bankruptcy, Rise in Construction Disputes
San Antonio-based Buffets, LLC filed for bankruptcy in April 2021, among the latest in a string of restaurant bankruptcies nationwide....
Apr 30, 2021
The PRO Act Aims to Redefine Construction Labor — and Contractor Groups Aren’t Happy About It
4 Contractors Across Florida Declare Bankruptcy in March 2021
Legal alerts
Virginia Narrows GC Liability Under the New Wage Theft Law
Almost a year ago to date, Virginia passed a new law making general contractors on certain types of projects potentially...
May 7, 2021
“Partial” Lien Waiver Costs Wisconsin Sub $180,000 in Lien Rights
Ambiguous Scope of Work Costs Florida GC Over $33K
Viewpoints
A CPA Explains PPP Loan Forgiveness for Construction Businesses
When the SBA rolled out the Paycheck Protection Program (PPP) at the onset of the pandemic, they provided forgivable loans...
Jan 5, 2021
What New Jersey considers “Essential Construction Projects” during COVID-19
Construction & Coronavirus: 8 Contract Clauses That Could Sink You
The Ultimate Guide to Lien Waivers in Construction
Everyone in the construction industry encounters lien waiver documents, but too often, these complex and consequential forms are overlooked. Whether you’re a sole proprietor or a large corporation, understanding and managing construction lien waiver requests is important.
This comprehensive article will explain everything you need to know about lien waivers and walk you through best practices that could save your construction business from a very expensive mistake.
Read moreProfessional profiles
“Find your tribe” | Interview with Construction Accounts Manager Juli Foscoli
Juli Foscoli is the Accounts Manager at South Town Glass in Salem, Oregon. She also serves as the company’s secretary...
Mar 14, 2021