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A Constant Stream of Helpful Content on Getting Paid in Construction
Weekly Roundup: Improved softwood lumber trade, June consumer confidence, & more
This week on Supplier Insider: Softwood lumber trading shoots up, June consumer confidence declines in June, 70% of Americans support solar panel mandate
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How to File a 20-Day Preliminary Notice in California, A Mechanics Lien Requirement
The preliminary notice in California is one of the most important documents that every construction professional in the state must be familiar with. Without a valid 20-day preliminary notice, mechanics liens in California are rendered invalid. Knowing how to properly prepare and serve a preliminary notice in California is therefore key to protecting your mechanics lien rights. This article should help you understand the basic steps in filing a 20-day preliminary notice properly, from the step-by-step instructions, the most common mistakes, and the chief reasons why the preliminary notice must be filed at all times.
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Weekly Roundup: ‘Highly confident’ contractors, reactions to apprenticeship rule, more
This week on Contractor Insider: Contractors share positive outlook on prospects, DoL apprenticeship rule divides industry professionals, PMI testifies against proposed added tariffs
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Weekly Roundup: Contractors’ future amid trade war, affordable housing EO, & more
This week on Construction Insider: Contractors face uncertain future amid US-China trade war, home starts value weakens effect on GDP growth, Trump approves EO on housing affordability
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5 Ways to Improve Construction Efficiency Across All Your Projects
Construction is a very complex business. A vast number of stakeholders need to work together in order to deliver a project on budget and on time. In that sense, the building process is many times like a jigsaw puzzle. All pieces need to be placed at the right spot before you can reach to a successful outcome. However, given the lack of trust in contractual relations and the fragmentation of the supply chain, this task is far from easy. The good news is that the rise of digital technologies is acting as a catalyst of change for the industry-- it’s helping people both on the field and the office to start working smarter and much more efficiently.
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5 Financing Options for Contractors: Construction Loans, Factoring, and more
Financing a construction business can be very tricky for contractors. The risks of dealing with delinquent clients runs high, and sometimes you have to invest on a new project even before you get paid for the previous one. But don't fret. From construction loans to invoice financing, there are options available to you. Whether you’re just starting a small business or you already have a big client base, read on to learn more about the five ways you can source funding for your construction company.
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Weekly Roundup: Lumber price hike, increase in asphalt shingles’ value in June, & more
This week on Supplier Insider: Lumber prices spike due to BC mill cutback, asphalt shingles market value projected to increase, BlueLinx sells two facilities
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Weekly Roundup: US housing market improvement, CA independent contractor bill, & more
This week on Contractor Insider: Ailing US housing market shows improvement, California bill on independent contractors approved, contractor group pushes for regular rate updates
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Preliminary Notice and Notice of Intent to Lien: How to Secure Your Lien Rights
The Preliminary Notice and the Notice of Intent to Lien are essential pre-lien documents that could make or break the contractors’ chance of being duly compensated for their services. It is extremely important for contractors, subcontractors, and other stakeholders involved in a construction project to familiarize themselves with the processes and requirements behind these pre-lien documents.
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