The construction economy is picking up. Over the past few weeks there has been a lot of talk about whether the economic rebound is going to help or hurt businesses in the short term. The conversation first appeared in a Viewpoints article published by ENR.com, Beware the Recovery: What History Teaches Contractors and Sureties. Therein, Thomas [...]
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Webinar: Navigating Financial Risk In A Rebounding Economy
In a recent ENR Viewpoints article, research professor Thomas Schleifer issues the following warning: “If you thought the recession was bad wait until you see the rebound.” We wrote about the article and the issues at play in this article: Keys To Protecting Your Business From Risks Of A Rebounding Economy. A rebounding construction market [...]
Keys To Protecting Your Business From Risks Of A Rebounding Economy
A few months ago we wrote an article on the back of a great ENR.com Viewpoints editorial by Thomas C. Schleifer, a research professor at Del E. Webb School of Construction. His article – Beware The Recovery: What History Teaches Contractors and Sureties – gave folks in the industry an excellent warning in the face [...]
Construction Market Growing Fast: Beware Of Financial Risks
It was the best of times, it was the worst of times. This may be the mantra of 2013 as the United States economy is on a rebound, and the sudden healthiness in the construction market is taking many in the industry by surprise. This article discusses the positive news coming out about the construction [...]
Beware: 2013′s Recovery Will Sink Contractors
Excuse me, did you say that the 2013 Recovery was going to sink contractors? That is absolutely what I said, and it’s the warning cry issued last week by management consultant Thomas Schleifer, Ph.D.of Del E. Webb School of Construction in his great ENR (@ENRNews) article: Beware the Recovery: What History Teaches Contractors and Sureties. Schleifer’s article’s [...]
Homebuilding Busiest Since 2008 – Don’t Get Screwed!
Happy to read an Associated Press article this morning that Homebuilders at their busiest since October 2008. It seems that the construction industry is finally seeing good news more frequently than bad news. Here at Zlien, we’ve also seen an increase in residential construction projects getting added to our databases. It’s also summer time, so construction activity [...]
Layoffs In California Court System May Mean Longer Recorder Delays
It’s no secret that budgets are tight in California. For some time, the budget crisis has threatened to hit California’s court system, and it finally has in signficant fashion with large scale layoffs across the state. According to an Associated Press report, layoffs were made state-wide at civil and criminal courthouses, with Los Angeles County [...]
Are Mechanics Liens Worth Anything In This Economy?
“In this economy…” — there is an opening or closing phrase we hear a lot about lately. The statement has a particular applicability when thinking about mechanics lien filings because these filings are connected to the real estate, and everyone knows about the depressed real estate market. How can the economy affect your mechanics lien [...]
Spring Will Bring More Construction Projects – Your Credit Department Ready?
Spring is here, and the construction industry can rejoice! The nation’s weather is getting warmer, and the cold gray days are slowly turning into warm, sunny ones. Anyone who is in the industry can’t help themselves from getting optimistic, and the spring and summer’s accompanying pleasant weather traditionally brings more construction. This spring optimism is [...]
Construction Outlook Grim through 2010 – Staying Ahead of Accounts Receivables To Retain Its Importance
Ken Simonson, the chief economist for the Associated General Contractors of America, doesn’t have good news for the construction industry as the challenging year 2009 drags into its 3rd Quarter. According to Simonson, the commercial construction industry forecast remains grim “at least through 2010.” For contractors, suppliers, and other construction professionals throughout the nation, this [...]
How Filing A Lien Can Be Helpful on a Bankrupt Project
Let’s face facts: 2009 has not been a great year for construction. Contractors and Suppliers large and small are facing non-payment scenarios, and sometimes, while waiting for a prolonged payment some are getting feared news: that the owner or general contractor is filing bankruptcy. Christopher Hill, a construction attorney in Virginia, just this week published [...]
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Scott Wolfe Jr., JD
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