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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

Payment and Performance Bonds on a Private Project?

Payment and Performance Bonds on a Private Project?

Requiring bonds on a construction project is a great way to insure that a project stays on track. In calling for payment and performance bonds, the awarding authority adds another layer of accountability for prime contractors. Because public projects are funded by tax dollars, and because subcontractors and suppliers cannot avail themselves to some of their […]

Arson, Insurance Fraud in Fargo Sparked by Mechanics Lien Foreclosure

Miami Museum Hit With a Lien, Other Suits

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Lien Law Alerts RSS

Contractors Going Unpaid in Minnesota's Iron Range

Contractors Going Unpaid in Minnesota’s Iron Range

One of the reasons mechanics liens are such a valuable tool is that they create a secured debt interest in the property to which the lien is attached. In bankruptcy proceedings, this becomes invaluable because, generally, secured debts are given first priority. Unfortunately, these secured debts often exceed the assets of the bankrupt party. When […]

FEMA Proposal Affects Contractors on Public Projects

Solar Contractor Bankruptcy Results in Over 150 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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