Construction Financial News
The latest construction industry news, payment trends, and financial insights.
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Blalock Homes Files for Chapter 7 Bankruptcy, Owes Over $1M to Creditors
Tennessee home builder Blalock Homes filed for Chapter 7 bankruptcy on November 24, 2020, even after experiencing a large revenue increase in 2020. Blalock Homes states in their bankruptcy filing...
Dec 2, 2020
Recent stories
Deer Creek Village Files for Chapter 11 Bankruptcy, Faces 4 Liens
While still marred with at least four active unpaid construction work claims, Dallas-based property owner...
Dec 3, 2020
Blalock Homes Files for Chapter 7 Bankruptcy, Owes Over $1M to Creditors
Tennessee home builder Blalock Homes filed for Chapter 7 bankruptcy on November 24, 2020, even...
Dec 2, 2020
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Problem projects
Tampa: 4 Liens Worth $2.5M Placed Against Bowery Bayside Apartments
As of November 11, 2020, at least four active unpaid construction work claims worth $2.5 million have been placed against...
Nov 30, 2020
24 Liens Worth $18.3 Million Filed Against Allegiant Airlines’ Sunseeker Resort Amid COVID-19 Project Stoppage
Former Seminary Building, Now Mixed-Rate Apartments in San Antonio Dealt $1.59M Lien
Industry trends
The 10 Biggest Construction Companies in the U.S.
Wondering about the big dogs in the American construction industry? Here are the 10 biggest construction companies in the US,...
Sep 14, 2020
Survey: GCs 2x More Likely Than Subs To Get Paid On Time
What New York considers “essential construction” during COVID-19
Legal alerts
Nevada’s Notice of Lien Rights Requires Actual Receipt
Given how powerful the remedies are under mechanics lien laws, strict compliance with the requirements is usually necessary. Particularly when...
Nov 24, 2020
Reducing Excessive Lien Amounts in NY can be Challenging
Nevada Appeals Court Clarifies Pay-if-Paid Clauses
Viewpoints
What New Jersey considers “Essential Construction Projects” during COVID-19
States, counties, and cities across the United States continue to implement safety precautions to slow the spread of the coronavirus...
Apr 13, 2020
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
The Credit Team at Coburn Supply’s Shares their Keys to Success in Collections
Jay Hissong approaches every workday with positivity and perseverance. Hissong is a credit analyst at Beaumont, Texas-based Coburn Supply Co....
Oct 8, 2020