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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

Are Mechanics Lien Holders Entitled to Notice of Foreclosure?

Are Mechanics Lien Holders Entitled to Notice of Foreclosure?

Virginia has a special relationship to mechanics liens, as many attribute the modern mechanics lien to Thomas Jefferson. A little more recently, Virginia has made strides in establishing fair lien practices. In a recent case, a Virginia contractor represented himself against JPMorgan Chase in lien proceedings. While there were plenty of issues with the contractor’s pro […]

Even Attorneys Struggle With Lien Law

Canadian Lien Law Alert: Major and Minor Lien Funds

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Pay if Paid Contracts Strengthened in Kentucky

Pay if Paid Contracts Strengthened in Kentucky

The top down payment structure in the construction industry creates plenty of problems. Parties are worried about shifting liability first and foremost, keeping the industry from a better, more collaborative landscape. As a result, pay when paid and pay if paid contracts have crept into the forefront of construction payment. Luckily many states have invalidated the use […]

Legislative Options to Boost the Construction Workforce

Be Careful Estimating Lien Amounts

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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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