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When to send preliminary notice

When to Send Preliminary Notice [50-State Guide for Subcontractors]

Are you a prime contractor? View the Prime Contractor’s Lien and Notice Deadline Chart. Do I have to send a pre lien notice? Is my mechanics lien going to be invalid? Sound familiar? The quest to find pre lien notice (or preliminary notice) requirements and deadlines leaves many scratching their heads. To solve this problem, […]

What is a Subcontractor Lien Waiver? [FAQs and Forms]

Project Completion Date: When It Matters And Why

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Mechanics Lien RSS

Arizona Mechanics Lien Survives Attempt to Extinguish

Arizona Mechanics Lien Survives Attempt to Extinguish

Everyone in the construction industry looks for a more collaborative future where the payment system is less about covering your own rear and more about fairness and efficiency. A recent suit regarding an Arizona mechanics lien makes that future seem distant. In Markham Contracting Co. v. Federal Deposit Insurance Company, First Arizona Savings and Loan (Federal Deposit Insurance Co. […]

Virginia General Contractor Serves as Cautionary Tale

Three New York Liens May Stem From State Scheme

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Lien Law Alerts RSS

Subcontractor Defects Are Covered by CGL Policies in New Jersey

Subcontractor Defects Are Covered by CGL Policies in New Jersey

Relationships between insurers and insureds are always touch and go. Claims become especially tricky when made for defective work. Depending on the type of policy and the exceptions and exclusions in the contract, these claims can be paid or fall by the wayside. In Cypress Point Condominium Association, Inc. v. Adria Towers, L.L.C., the New Jersey Supreme […]

General Contractor Misusing Funds Is Indicted

Drones in Construction: Drones and Mechanics Liens

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Credit Management RSS

Why Credit Management in teh Construction Industry Is Unique

Why Credit Management in the Construction Industry Is Unique

The construction industry brings unique challenges to contractors and subcontractors when it comes to credit management. Extending credit on large-scale construction projects can be risky, as projects require a large upfront investment of both labor and materials, and because projects can span years with payments made in installments. Of course, extending credit and exposing oneself to risk […]

Construction Financial Manager Review: June 24, 2016

Why Credit Managers Should Send Preliminary Notice on Every Project

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Viewpoints RSS

Mechanics lien subordination

Subordination of Mechanics Liens: The New No-Lien Clause?

Lien waivers have an important, even critical, place in construction payment. The parties closest to the money are highly motivated to make sure the project proceeds free of any lien claims, for several reasons. Not only can mechanics liens potentially force double payment, they cloud the property title and can negatively impact bonding capacity and cash-flow, all of […]

How To Read a Lien Waiver

Taylor Swift and Prompt Payment

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Cash Management RSS

Defining the construction market

CFM Review: Does Construction Need Its Own Business Status?

Every Friday, we select a few articles from the week that we think are worth your time as a construction financial manager (CFM). We look for compelling articles not only about financial topics, but about business, technology, and life, that challenges you to think about your role as a CFM in different ways. We’d love […]

CFM Review: 5 Technologies to Increase Cash Flow

Spring is Here: 3 Ways Contractors Can Take on More Work With Little Cash

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