Construction is a tough industry, and keeping your cash flow positive while you take on new work is even tougher. Mobilization Funding can help with that. We provide funding before a project starts, so you don’t have to worry about how to cover your first payroll, insurance costs, or bills from vendors. More...
It is my understanding that Concrete is an essential business and I can tell you that we know and are working with many that are still working on projects every day. See More...
the NOC can be contested, however as long as it is there your title to your home will be clouded. I suggest you consult an Attorney. This exact same thing happened to me before.See More...
i dont know if you are required or not, but i would suggest you consider doing certified payroll for all aspects of the job if you are being asked to, including the fabrication in FL. From a practical matter the lack of documenting it could hold up your payment and cause you other unecessary problems to deal with causing more stress for you. It likely is just easier to provide the certified payroll reports so you can do the job and get paid quickly. I've seen paySee More...See More...
I highly suggest you use LevelSet's service platform to file all NOC and other notices needed. They can ensure you file them correctly and properly for whatever jursidiction you are in. See More...
I am not an attorney, however I have seen customers attach liens for mitigation work when they are licensed. Especially if the work completed was for the benefit of the improvement of the home for some type of issues that made the home less valuable. If you are worried about being paid or have not been paid for your work then I would find an attorney that will agree with your position and use them to help you get paid.See More...
Prioritizing a low bid over contractor performance is a lose-lose procurement strategy. Unfortunately, low bidding is an accepted practice for both owners and contractors alike. Owners will say that focusing on the lowest bid possible ensures they get a good price. But low bidding is a zero-sum game: WheSee More...See More...
Communication is difficult in construction mostly because of preconceived ideas, misguided assumptions, and bad habits. Not asking for change orders is a bad habit; assuming that your GC will respond negatively to a payment reminder is a preconceived idea. It doesn’t help that many industry pros aSee More...See More...
Debt isn’t a bad thing when it is used strategically to grow your business. The smartest way to approach business debt is to know what you will need the money for, what it will allow you to do in terms of growth, what type of construction financing you will need, and how you will account […] See More...See More...
Credit risk is important for all lenders when evaluating a new loan opportunity, but when it comes to construction contractors there is another vertical to consider — performance risk. While banks and traditional lenders typically rely more heavily on credit risk, lenders who are willing to analyze perfSee More...See More...
When searching for alternative funding options, many construction contractors find the “quick cash” promise of a merchant cash advance too good to pass up — but it’s actually too good to be true. Merchant cash advances promise an easy application, rapid funding, and an “easy” repayment plan. ThSee More...See More...