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A Constant Stream of Helpful Content on Getting Paid in Construction
Construction Lien Release 101: Canceling Mechanics Liens
Resolving a payment dispute by filing a mechanics lien is a rather tedious task. And just when you think everything has been sorted out, there is yet another step to officially close the deal: filing the lien release. If you’re the claimant of the mechanics lien, you might be wondering: when exactly do you sign
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Do Liens Work?: A Definitive Guide on How The Mechanics Lien Works to Get You Paid
Exercising your lien rights is the best course of action to take if you are looking to secure the money that you have duly earned. The process and the nitty-gritty behind preparing and filing the lien may seem daunting, but no other collection method can equal the power of the mechanics lien in getting you
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What You Need to Do After Filing a Mechanics Lien
You’ve taken the necessary step of filing a mechanics lien to demand payment for a delinquent receivable. But you’re unsure about what to do or expect after filing is done. So now that your mechanics lien is recorded, what next?
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The Definitive Guide to Construction Lien Waivers
If you’re doing business in construction, chances are you’ve encountered lien waivers being sent and requested. It’s a document that’s widely-used and often mandatory in many construction projects. And yet, there’s a lot of confusion on how to create and use them, how they work, and the reasons why they are needed. Overlooking lien waivers
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Cash Flow Management in Construction: Issues and Solutions
A construction company’s cash flow reflects its overall business state. In many cases, negative cash flow pushes a company not only into financial trouble but into its demise.
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The Miller Act: How to Handle Payment Issues as a Federal Subcontractor
Participating in a project as a federal subcontractor can be very lucrative — but as in any construction contract, you need to thoroughly understand your rights as well as the rules and requirements, especially those that concern your ability to collect and receive timely and complete payments. If you have extensive experience in private contracting,
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Disputes & Deadlines: What You Need to Know About California Prompt Payment Laws
Contractors are hired by clients for their specific specialties. It can be their ability to put together and run a whole construction project as with general contractors, or it could be for their reputation in more specific areas like plumbing and roofing. But far too often, contractors are forced to play a major part in
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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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California Construction Contractor’s Guide to Getting Paid Faster
Getting paid — on time and in full — is vital to running a successful construction business. In your work as a contractor, invoices settled in full and on time pay for materials, services, labor, and subcontractors used to satisfy the contract. Equally important is the fact that timely payments give the liquidity to continue
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