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A Constant Stream of Helpful Content on Getting Paid in Construction
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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5 Essential Steps to Streamline the Project Execution Phase
Bringing a construction project from concept to completion is a complex and lengthy process. From identifying the project requirements to the final handover of the completed structure, it can take years. Given the scale of resources and planning that’s required to see a project through, every step is filled with potential complications. Construction firms need […]
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Missouri Lien Waivers: What You Need to Know
A lien waiver form in Missouri is a crucial document used in construction projects to waive your right to file a mechanics lien once payment has been received. As a subcontractor or supplier, understanding Missouri lien waivers ensures you protect your right to payment while complying with state laws. This article will cover everything you […]
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Texas Conditional Lien Waiver and Release on Progress Payment: Detailed Guide
A Texas Conditional Lien Waiver and Release on Progress Payment is a type of waiver that relinquishes a contractor’s or supplier’s right to file a mechanics lien against a property upon receiving payment for work performed. What Is a Texas Conditional Waiver and Release on Progress Payment? The Texas Conditional Lien Waiver on Progress Payment […]
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Unconditional Lien Waivers: How to Protect Your Payment Rights Safely
An unconditional lien waiver is a type of lien waiver where a contractor, subcontractor, or supplier immediately relinquishes their right to file a mechanics lien upon signing, regardless of whether they have actually received payment. Knowing what is an unconditional waiver is the first step. To make sure you don’t sign away your lien rights […]
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Conditional Lien Waivers: A Comprehensive Guide
A conditional lien waiver is a document used in construction payments that ensures subcontractors, suppliers, and equipment dealers waive mechanics lien rights only after receiving payment. Understanding what is a conditional lien waiver and how it works can help you secure your financial interests on any project. In many cases, the hiring party—whether that’s a […]
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Collections and Social Media: Legal and Ethical Practices for Credit Professionals
Social media isn’t just for vacation pics or keeping up with old friends—it’s also a powerful tool for construction businesses, especially those in credit and collections roles. Platforms like LinkedIn, Facebook, and even messaging apps offer new ways to connect with customers and gather valuable information. However, as with any tool, there’s a right way […]
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