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A Constant Stream of Helpful Content on Getting Paid in Construction
Georgia Lien Waiver and Release Forms: Interim and Final
Signing a Georgia lien waiver is typical for suppliers, subcontractors, laborers or any hired party contributing to a project–they are a normal part of the payment cycle in construction projects in the state. Hiring parties typically request lien waivers to manage the mechanics lien rights of those who contribute work or materials to a project. […]
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Georgia Affidavit of Nonpayment: Template and Guide
The Affidavit of Nonpayment in Georgia must be filed within 90 days to retain lien rights if you signed a waiver and didn’t receive payment. Every state has its own rules and requirements for filing a mechanics lien and other lien-related documents. One unique rule that only applies to Georgia concerns the filing of a […]
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California Final Unconditional Lien Waiver: Template and Guide
California final unconditional lien waivers are typically signed once all payments have been cleared at the end of the project. When a hiring party requests a supplier or subcontractor to sign an unconditional lien waiver, it means they are asking for the signing party to relinquish all their mechanics lien rights, whether they’re paid or […]
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The Real Work of Building Relationships: How Credit Pros Make It Happen Every Day
For credit professionals, building relationships isn’t just a nice to have—it’s a crucial part of the job. It’s what turns tough negotiations into fair agreements and helps navigate cash flow challenges without burning bridges. But what does building relationships actually look like for credit pros in construction? It goes far beyond sending emails or shaking […]
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Minnesota Lien Waivers: How to Stay Protected and Get Paid
A lien waiver in Minnesota is a document used to waive or release a party’s right to file a mechanics lien after receiving payment for construction work or materials. Understanding lien waivers is essential for subcontractors and suppliers to protect their payment rights and comply with state regulations. Let’s break down the practical aspects of […]
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Wisconsin Lien Waivers: How and When to Use Them
A lien waiver in Wisconsin is a legal document that relinquishes a contractor’s, subcontractor’s, or supplier’s right to place a mechanics lien on a property for unpaid work or materials. Understanding and properly utilizing a Wisconsin lien waiver form is crucial for securing payments and maintaining smooth project operations. Here’s a guide to Wisconsin lien […]
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Illinois Lien Waivers: What Subcontractors and Suppliers Need to Know
A lien waiver in Illinois is a legal document used by subcontractors, suppliers, and contractors to waive their right to file a mechanics lien on a property once payment is received. Under the Illinois Mechanics Lien Act (770 ILCS 60), lien waivers play a critical role in ensuring smoother payment processes while protecting the rights […]
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Cybersecurity Risks in Construction: A Growing Concern
The rapid digital transformation of the construction industry brings both opportunities and growing cybersecurity risks. With the rise of digital tools like Building Information Modeling (BIM) and the Internet of Things (IoT), construction companies are finding innovative ways to design and manage projects more efficiently. Take the BIM market, for example, which is expected to […]
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Cybersecurity Best Practices in Construction: Protect Payments and Data
Business operations are shifting to the digital world–cybersecurity best practices are a must-learn. Contracts are signed online and payments are made through apps, making processes more convenient. And that comes with a cost. If you are not careful, cybercriminals may steal your data. That could result in financial loss and reputation damage. With that in […]
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