Getting paid in construction is slow, hard, and stressful – that’s the takeaway from a survey of over 500 construction professionals conducted in collaboration between Levelset and TSheets by Quickbooks. ...
You can be certain that somewhere in the world, lots of people are working on “payment reform” to give relief to the millions of contractors who struggle with the worst...
Lien waivers are important documents that, due to their ubiquitous nature, are occasionally overlooked. The critical importance of lien waivers is grounded in two related areas: the ability of lien waivers to...
Every Friday, we select a few articles from the week that we think are worth your time as a construction financial manager (CFM). We look for compelling articles not only...
Every Friday, we select a few articles from the week that we think are worth your time as a construction financial manager (CFM). We look for compelling articles not only...
2014 was a busy year for mechanics lien law, with significant changes either enacted or contemplated in a large number of states. Changes ranged from providing a more clear definition...
More than 200 years ago, Virginia’s most famous son invented the mechanics lien concept to protect contractors and suppliers against non-payment on construction projects. In the 2015 legislation, Virginia’s lawmakers...
This is a guest editorial post by Kurt Sorensen, the Corporate Credit Director for H&E Equipment. The following was submitted to the Louisiana State Law Institute Security Devices Committee suggesting...
Managing and analyzing working capital, valuing accounts, and trying to raise company value are constants for construction company executives and construction financial managers (CFMs). The end of every year requires those...
It’s unambiguous that Texas law requires a payment bond be posted for all construction projects exceeding $25,000 in value. It’s unambiguous that the new Kilgore Baseball Complex project in Kilgore, Texas...