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A Constant Stream of Helpful Content on Getting Paid in Construction
Georgia Notice to Contractor: Who Must Serve and When?
Each state has different rules about who can make a bond claim for publicly funded construction projects. In Georgia, certain construction participants may need to serve a preliminary notice so they can protect their bond claim rights. More specifically, construction parties working in public projects in Georgia may be required to serve a preliminary notice
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Ohio Unconditional Waiver and Release Upon Final Payment: When and How to Sign
Before signing a lien waiver, construction participants must pay close attention to what is written on the document. Not all states have statutory lien waiver forms, which means that a lien waiver can contain other statements that can cause you to waive more than just your lien rights over a specific project. Ohio is one
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How to Create an Effective Trade Credit Policy for Material Suppliers
Materials and goods used in a construction project are usually bought on credit. Unlike in regular business transactions, the companies that supply construction goods do not always require immediate payment before delivering the materials to a construction site. Their customers buy the materials on credit and may pay the cost later within a set amount
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Georgia Affidavit of Nonpayment: When and How to File
Every state has its own rules and requirements for filing a mechanics lien and other lien-related documents. One unique rule that only applies to Georgia concerns the filing of a document called the Affidavit of Nonpayment. This guide walks you through the process for filing an Affidavit of Nonpayment in Georgia. Quick linksWhat is a
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How to Send A California Preliminary Notice – Online
Learn how the California 20-Day Preliminary Notice works to protect construction parties’ right to file a mechanics lien and collect overdue payments.
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Delaware Unconditional Waiver and Release Upon Progress Payment: When to Sign and Best Practices
Construction participants are often asked by their clients to sign lien waivers in exchange for payment. Once they sign a lien waiver, they get paid and forego their lien rights. By relinquishing your lien rights, you assure property owners that you will not file a mechanics lien as long as you receive your payment. Some
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Signing a Virginia Conditional Waiver and Release Upon Progress Payment? Read This First
Lien waivers allow construction participants to relinquish their lien rights, usually in exchange for payment. Once a lien waiver is signed and all its terms are met, a construction participant may no longer record a mechanics lien as they have already waived their right to file a lien. In Virginia, lower-tier participants such as subcontractors
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How to Reduce DSO and Improve Cash Flow for Material Suppliers
Cash flow management is a tricky and challenging endeavor, especially when working in the construction sector. Transactions in the construction business are often done through a credit system, and this can cause serious cash flow issues if your company has poor credit management policies. It is therefore imperative for every company to regularly assess their
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Delaware Miller Act: Reclaiming Through Payment Bond
Mechanics liens can only be filed against privately owned properties. If you are trying to recover payment from a government-funded project, your best bet is to make a payment bond claim pursuant to the Miller Act. The Miller Act requires general contractors of publicly funded projects to provide a payment bond and a performance bond.
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