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A Constant Stream of Helpful Content on Getting Paid in Construction
Lien Waiver Forms: How to Fill Out and Use for Payment Protection
Each lien waiver form processed protects parties involved in a construction project–from the property owner to the contractors, suppliers, and equipment dealers–by confirming completed payments, which waives the claimant’s right to file a lien on the property. Especially when working on multiple projects, lien waiver management is critical for construction companies and their credit departments […]
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What Is a Lien Waiver: A Complete Guide
If you’ve ever asked, “What is a lien waiver?” this guide is for you. We’ll walk through the meaning, purpose, types, and usage of lien waivers to help subcontractors, suppliers, and equipment dealers better understand how to navigate this document that ensures payment compliance and timely payments. What Is a Lien Waiver? A lien waiver […]
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Unconditional vs Conditional Lien Waiver: The Key Differences
Lien waivers, as the name implies, waive your right to file a lien once the agreed conditions are met or payment is received, depending on the type of waiver. When used correctly, they provide security to both the client and the contractor, subcontractor, or supplier. However, before deciding which lien waiver to use, it’s important […]
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California Unconditional Waiver and Release on Progress Payment: Guide & Template
This guide discusses the California Unconditional Waiver and Release on Progress Payment, one of the four lien waivers in the state.
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High Stakes of Lien Deadlines: How to Secure A/R with Proactive Management
Missing a lien or bond deadline is more than just a paperwork mistake—it can mean the difference between securing your receivables or losing them for good. Nicole Hicks, Director of Credit at Elite Roofing Supply, knows this all too well. She’s faced the challenges of last-minute filings, county delays, and invoicing issues firsthand, as she […]
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Credit Talk w/ Lori: Leading a Credit Team Through Wins and Challenges
In a recent episode of Credit Talk w/ Lori, Tiffany Brown, Credit and Collections Manager at EquipmentShare, joined BuildingBlocks Community Manager Lori J. Drake, CBA, to discuss the challenges and rewards of being a credit manager. During the conversation, Tiffany opened up about what it takes to manage a credit team, the ups and downs […]
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How to Communicate with Customers Facing Financial Difficulties
In this economic climate, many businesses are feeling the pinch. Supply chain troubles, inflation, and irregular demand have caused ripples across industries, and construction is no exception. For material suppliers and contractors involved in large projects, these shifts often result in slower payments and severe financial strain. As a credit professional, your job is to […]
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Extending Credit with Confidence: Five BuildingBlocks to Know
Credit management in the construction industry is a delicate balance of risk and reward. Extending credit can enable growth and solidify long-term relationships, but it can expose your company to significant financial risk without the proper safeguards. With the right strategies, you can confidently approach credit extension, knowing your company is protected while encouraging successful […]
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How Overlooking Payment Compliance Puts Construction Businesses at Risk
Managing payments in the construction industry is challenging enough, but when you add complex, multi-state projects and diverse client types into the mix, things can get overwhelming fast. With long project timelines, multiple parties involved, and complex legal requirements, it’s easy to see how payments can quickly become one of the trickiest parts of the […]
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