Last updated: May 21, 2020
Published: Nov 29, 2017
Reading time: < 1
Recommended for you
What is Overbilling? | Construction Industry Accounting
Overbilling occurs when a contractor bills for contracted labor and materials prior to that work actually being completed. For example,...
Conditional vs. Unconditional Lien Waivers: The Difference & Why It Matters
Unconditional vs. conditional lien waivers: which type of lien waiver should you use on your construction projects and jobs? We...
What are the Certified Payroll Requirements for Federal Construction Jobs?
What does Certified Payroll mean? This post covers the certified payroll requirements for contractors working on federal construction projects.
What Does ‘Pay-When-Paid’ Mean?
In the construction business, everything comes down to the contract. And that's unfortunate because most of the people who make...
Construction Contracts: What Does “Workmanlike Manner” Mean?
Just about every construction contract will require that work be done in a "workmanlike manner." But what exactly does that...
The Ultimate Guide to Retainage in the Construction Industry
The practice of retainage, aka retention, has a tremendous impact on the construction industry. Learn how retainage works on different...
Construction Contracts: Pros and Cons of a Cost-Plus Contract
What is a cost-plus contract and how is it used in the construction industry? This type of contract is also...
What Is a Notice of Commencement? Your Guide with Form Downloads
Typically, the filing of a notice of commencement by the property owner or other top-of-chain party affects preliminary notice and...