Pay applications, although they seem simple, are more complicated than most people think. That’s because they aren’t simply an invoice for work performed, but rather a bundle of documents needed...
Most Recent Posts on Pay Applications
Progress payments are particularly tricky to quantify. Listing the work and materials on a payment app only provides part of the story. Therefore, in order to properly review the payment application,...
Front loading a schedule of values is one way contractors and subs attempt to ensure steady cash flow, but there are risks that should be considered.
When project changes cause a loss of productivity, disruption claims can restore the bottom line. Don't confuse them with delay claims, though.
Construction photo documentation is a great way to ensure the accuracy of your project's records and increase communication. Plus, if disputes about work come up, photos help to quickly get...
Staying on schedule is vital for a successful project. When faced with extra work, the Time Impact Analysis can help adjust both expectations and timelines.
By tightening up construction invoice practices, industry members can speed up payments and avoid costly disputes. Here are some invoicing best practices.
Changes occur on every construction site, but when changes would seriously alter the original plans, the cardinal change doctrine can provide some relief.
Change directives force contractors to accept changes that they aren't on board with. As a result, they can lead to poor relationships or even disputes.
For jobs where a construction lender is present, the draw request process is an integral part of maintaining cash flow and financing on your project.