Blog
A Constant Stream of Helpful Content on Getting Paid in Construction
How to Make Effective Construction Collection Calls
Late payments are, unfortunately, a regular occurrence in the construction business. Periodic payment delinquencies can affect the health of a company’s cash flow, and they could even result in bigger financial troubles down the road. Construction businesses must therefore have an effective and efficient payment collection process. Before you send your unpaid accounts to third-party […]
Read more
Guide to Signing a Delaware Unconditional Waiver and Release Upon Final Payment
Lien waivers are commonly exchanged throughout the course of a construction project. By letting construction parties waive their lien rights upon payment, lien waivers protect property owners from fraudulent mechanics lien claims. However, construction participants must be very careful before they sign away their right to filing a mechanics lien. In states like Delaware, there […]
Read more
How to Optimize the Construction Order-to-Cash Process
Completing a sale in construction does not have to be a lengthy and complicated process. From receiving an order to delivering the materials all the way to receiving the payment, there are always ways to improve and optimize the entire order-to-cash cycle. Quick linksWhat is an order-to-cash process or OTC?Why is the O2C cycle important?What […]
Read more
Guide to Signing an Ohio Unconditional Waiver and Release Upon Progress Payment
In states like California, lien waivers are regulated by the state. There are statutory lien waiver forms, and each form contains a warning and clear statements about the type of lien waiver that you are signing. Such is not the case in Ohio. There are no statutory lien waiver forms in Ohio, so construction participants […]
Read more
How Material Suppliers Can Mitigate Credit Risks After the Pandemic
The COVID-19 pandemic has caught everyone by surprise. Everyone’s lives were affected, and almost all industries incurred huge losses as lockdowns and other restrictions were implemented not only in the US but all over the world. The construction industry is one of the hardest-hit sectors by the still ongoing public health crisis. Many construction projects […]
Read more
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 more
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 […]
Read more
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 […]
Read more
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 […]
Read more