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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

The Presidential Debate Highlighted Issues in the Construction Industry

The Presidential Debate Highlighted Issues in the Construction Industry

The first debate between 2016 presidential nominees Hilary Clinton and Donald Trump resulted in unprecedented ratings. Whether you support Trump, Clinton, or neither, you can’t argue that the debate drew a lot of eyeballs. In fact, the event proved to be the most-watched debate in American history and spurred millions of tweets. While the trend of […]

Payment and Performance Bonds on a Private Project?

Arson, Insurance Fraud in Fargo Sparked by Mechanics Lien Foreclosure

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Lien Law Alerts RSS

Michigan Lien Law Alert: Attorney Fees Recoverable After Arbitration

Michigan Lien Law Alert: Attorney Fees Recoverable After Arbitration

Depending on who you ask, alternative dispute resolutions are considered either an efficient tool to avoid the court system, or an unpredictable beast that can be just as slow and costly as the judicial system. Nevertheless, with the potential benefits of arbitration and mediation, many contracts have alternative dispute resolution (ADR) clauses built in. Such was the case […]

Contractors Going Unpaid in Minnesota’s Iron Range

FEMA Proposal Affects Contractors on Public Projects

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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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