Blog
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
Read moreOhio 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
Read moreHow 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
Read moreGeorgia 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
Read moreHow 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.
Read moreDelaware 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
Read moreSigning 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
Read moreHow 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
Read moreDelaware 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.
Read more