California Construction Contractor’s Guide to Getting Paid Faster
Getting paid — on time and in full — is vital in running a successful construction business. As a contractor, invoices settled in full and on time pay for materials, services, labor, and subcontractors used to satisfy the contract. Equally important, timely payments give the liquidity to continue taking on new jobs. Then again, it remains […]
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How to File A California Mechanics Lien
When contractors, subcontractors, and materials suppliers don’t get paid, they can file a California mechanics lien. A mechanics lien is a legal claim on the property for unpaid construction work or supplies. Once claimants file a mechanics lien, the owner’s property turns into collateral, allowing claimants to secure the service they rendered or the supplies they provided. […]
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Understanding Accounts Receivable Challenges in Construction
Accounts receivable management is a key cog in the construction industry machine. It’s crucial to understand the challenges in construction AR to be in the best poisition to secure payments on time and in full. How much of your revenue do you write off each year? According to a payment practice study in 2016, businesses […]
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Protect Your Lien Rights: 15 Questions on the California Preliminary 20-Day Notice
Filing mechanics liens on delinquent client accounts are part and parcel of a contractor’s Getting Paid Toolbox. As much as we would like for vetting and pre-screening clients to keep late payments at bay, there are so many factors that come into play when it comes to timely payments. Contractors need to be proactive when […]
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