Blog
A Constant Stream of Helpful Content on Getting Paid in Construction
BuildingBlocks: Unlocking Credit Insights with Trade Lines
In credit management, relying solely on scores or summaries can lead to risky decisions. To truly understand a business’s creditworthiness, you need to dig deeper—into trade lines and public records. These tools don’t just show financial behavior; they reveal patterns and potential red flags that might otherwise go unnoticed. In a recent BuildingBlocks webinar hosted […]
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California Notice of Intent to Lien: Requirements and Best Practices
This guide lays out the details of serving a California Notice of Intent to Lien, including its benefits, the specific steps in filing, and some best practices.
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How to Serve a Notice of Intent to Lien in Colorado: Deadline, Recipient and Requirements
This step-by-step guide will walk you through the process of preparing and serving a Colorado Notice of Intent to Lien.
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South Carolina Lien Waivers: Templates and Guide
South Carolina lien waivers allow contractors, subcontractors, and suppliers to relinquish their right to file a mechanics lien upon receiving payment. Using these waivers correctly ensures smooth payment processes and compliance with legal standards. A lien waiver confirms payment has been received and waives your right to file a mechanics lien for that amount. It […]
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Indiana Lien Waivers: Templates and Guide
An Indiana lien waiver is a key document that allows contractors and suppliers to give up their mechanics lien rights after receiving payment for services or materials. Using lien waivers correctly ensures payment compliance, minimizes disputes, and complies with Indiana lien laws. Subcontractors and suppliers must understand this process to protect their financial interests and […]
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Working Capital Management for Smoother Construction Operations
How can construction businesses ensure there’s enough cash in the door for seamless operations? Working capital management. What Is Working Capital? Working capital, or net working capital, is the amount of money you have to cover the daily operations of your construction business. It’s also money you can access instantly to pay suppliers, loans, payroll, […]
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Keys to Optimal Cost Management for Construction Projects
Project management is a growing industry by all accounts. According to PMI, by 2027, businesses will need nearly 88 million FTEs in project management-oriented roles. This shows how important project management is – and how crucial it is to keep its costs as low as possible. Without effective project cost management, expenses can spiral out […]
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Managing Seasonality in Construction: Maintaining Profitability
Valued at over $2 trillion, the US construction market is booming. However, despite the many opportunities, construction companies and professionals face various challenges–from increased cybersecurity risks to dealing with demand fluctuation and seasonality. It’s the latter that’s going to be the focus of our article. If you are worried about your construction business not coping […]
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A Guide to Optimizing Construction Project Delivery
An astonishing 91.5% of projects in construction either go over schedule, over budget, or both, due to a wide range of factors–from cost overruns to supply chain delays. But there are also many ways to mitigate these issues, streamline operations, and improve efficiency and profitability. Effective project management is essential for successful delivery. Poor project […]
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