Blog
A Constant Stream of Helpful Content on Getting Paid in Construction
How the Infrastructure Act Can Help You Get a Government Contract
In November 2021, Congress passed a historic infrastructure bill to recover from losses during the COVID-19 pandemic and radically improve the nation’s roads, rails and access to critical community needs. As the $1.2 trillion in funds flow throughout cities and communities everywhere, various funding opportunities arise for companies and contractors. The federal government will allocate […]
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Why Automate Financial Processes in a Construction Business?
Doing business in construction means often facing cash flow challenges, particularly related to invoice payment. And these challenges demand proactive solutions–besides, ineffective cash flow management leads to the failure of 82% of businesses. Cash flow is what keeps a business alive, and how you manage it plays a pivotal role in whether your business thrives […]
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Navigating Tough Times: Financial Traps to Avoid for Construction Businesses
We’ve been hearing a lot in recent months about the possibility of an impending recession and how to buckle up and prepare for it. It makes sense that the thought of a recession can be overwhelming for many company owners and industry leaders, and conjure up images of widespread layoffs, fiercer competition, or even worse, […]
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Business Pay Apps: Leveraging Payment Applications in the Construction Industry
This article is from our friends at Dialpad. Like most modern industries, the construction industry is adapting to new technologies. Over the last 20 years, tech has revolutionized every aspect of business. This ranges from the use of email to the integration of sales enablement software. Technology is everywhere, and this rate of change is […]
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Impactful Benefits of Digitizing Payroll Management in Construction
This article is from our friends at factoHR. Digitization is bringing the construction industry into the modern day. Technology has helped contractors complete their projects in just half the time, along with increased safety measures. Today, tech is mandatory to achieve efficiency and save costs. Digital solutions are also helpful to construction businesses in dealing with […]
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Top 8 Construction Project Management Challenges & Their Solutions
This article is from our friends at SmartTask. Construction project managers act as a liaison between the on-site construction crew and the client, ensuring that everyone is on the same page and the client’s expectations are met. However, it is not that easy. There are many potential pitfalls and challenges in the life of a […]
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6 Years Later: Revisiting McKinsey’s “Imagining construction’s digital future”
It's been 6 years since McKinsey's bold report on construction's digital future. This article explores where we're at today.
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Guide to the Quebec Notice to Owner: Protect Your Lien Rights
If you're doing business in construction in Quebec, it's important to be familiar with the hypothec laws and ensure that your bases are covered so you'll have recourse in case issues with payment come up.
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Guide to Legal Construction Hypothecs in Quebec: Your Lien Rights and Responsibilities
Many construction companies and professionals risk insolvency just after one bad project where they fail to collect payments. The prevalence of non-payment is why there are laws in Canada that protect construction stakeholders, whether due to delinquent clients or insolvency, on the part of the payer. Construction liens also called hypothecs, act as security–attached to […]
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