Construction Financial News
The latest construction industry news, payment trends, and financial insights.
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Texas Relaxes Plumbing Contractor Licensing Rules Amid Weather Emergency
As record-breaking cold temperatures continue to sweep Texas, power outages and frigid temperatures are causing plumbing pipes to break across the state. In response, Governor Abbott announced a relaxing of...
Feb 20, 2021
Recent stories
Texas Relaxes Plumbing Contractor Licensing Rules Amid Weather Emergency
As record-breaking cold temperatures continue to sweep Texas, power outages and frigid temperatures are causing...
Feb 20, 2021
State Bill Brings Possible Changes to Florida Construction Payment Laws
Florida State Bill 622 was introduced in mid-January of 2021 by Senator Keith Perry. If...
Feb 18, 2021
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Problem projects
St. Paul Hotel Project Dealt $4.4M in Liens After Arson Destruction
A multimillion-dollar hotel construction project in downtown St. Paul, Minnesota, faced multiple unpaid construction work claims totaling $4.4 million after...
Feb 12, 2021
Duke Energy’s Rambler Solar Project Faces a $4.48M Unpaid Construction Claim
Texas: $1.16M in Construction Liens Placed Against Aloft Waco Baylor Hotel
Industry trends
Texas Relaxes Plumbing Contractor Licensing Rules Amid Weather Emergency
As record-breaking cold temperatures continue to sweep Texas, power outages and frigid temperatures are causing plumbing pipes to break across...
Feb 20, 2021
Sunergy Bankruptcy Highlights Risk During Solar Construction Boom
The 10 Biggest Construction Payment Stories of 2020
Legal alerts
State Bill Brings Possible Changes to Florida Construction Payment Laws
Florida State Bill 622 was introduced in mid-January of 2021 by Senator Keith Perry. If enacted, this bill would make...
Feb 18, 2021
Kentucky: Payment Claim Rejected After Untimely Change Order Notice
NY Court Upholds Verbal Change Order Claims
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
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