Why Are Payment Issues Persistent in the Construction Industry?
The construction industry is known to be one of the most difficult industries to partake in, especially for contractors, subcontractors, and other industry players that need to get paid in full and on time. Construction delays and payment disputes have become quite the norm in the industry, and if you’re a constructional professional — chances are you know fully well how common these disputes are.
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Weekly Roundup: Contractor demand for US port projects, construction job rise, & more
This week on Contractor Insider: Contractors in demand for US port projects with Panama Canal expansion, construction jobs up 3.5%, builder confidence in single-family house improved
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Weekly Roundup: Mass timber’s positive outlook, US Steel’s $1B investment, & more
This week on Supplier Insider: Mass timber gains traction, US Steel reveals plans for $1B Western Pennsylvania facilities upgrade, Softwood lumber prices improve
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Weekly Roundup: DOE fund for construction tech, Pelosi on infrastructure plan, & more
This week on Construction Insider: DOE set $33.5M fund for construction tech research, Pelosi confident about US infrastructure plan,12 companies chosen to bid for task orders for construction of US-Mexico border
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Invoice Factoring 101: A Definitive Guide on Factoring Receivables
One of the most common courses of action when dealing with money shortage due to slow paying receivables is Invoice Factoring. Whether you are just starting out on your business or you are dealing with a particularly difficult financial challenge, you may want to look into Invoice Factoring as a way to address your cash flow concerns.
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Weekly Roundup: Rise in workplace safety jobs, infrastructure bill, & more
This week: occupational safety and health jobs expected to rise with construction boom, Republicans and Democrats disagree on infrastructure bill, U.S. construction costs rose 5.5% in 2018
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What Is a Mechanics Lien? Your Questions Answered
Understanding the ins and outs of the mechanics lien—from the technical definitions to the process involved behind filing it—should be highly prioritized by any contractor or supplier who are working on any construction project, whether be it be residential or commercial, public or private.
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Weekly Roundup: FedExed lien notice ruling, SBA bill for subcontractor payments, & more
This week on Construction Insider: PA Supreme Court ruled FedEx-served lien notice valid, Rep proposed SBA bill for contractor payments, global modular construction on the rise
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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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