Blog
A Constant Stream of Helpful Content on Getting Paid in Construction
Understanding Double Jeopardy in Construction Credit Management
In the construction industry, managing credit and securing payments can be particularly challenging due to the complexities of lien laws that vary from state to state. One crucial concept to grasp is double jeopardy in construction lien rights. Handle.com’s Lori J Drake, CBA recently hosted a webinar titled “Is Your A/R Secure? How Lien & […]
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10 Ways to Improve CX through Construction Payment Process Optimization
Efficient online payment portals are essential within the construction industry. One bad customer experience (CX) can seriously impact your bottom line and your brand’s reputation. This is why seamless digital payment options have become integral to the modern customer journey. But how can you improve them? What is CX? It’s important to understand that CX […]
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8 Best Practices for Effective Subcontractor Management
Subcontractors are a vital part of the construction industry, and it’s easy to see why. They offer contractors the ability to have a flexible workforce that scales with each project they take on without the overheads of employing a full-time workforce. You can’t overstate the value of the expertise subcontractors offer, either; there are always […]
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Why Automate Financial Processes In A Construction Business?
Construction businesses need fast access to real-time data for budgeting and cash control. Automating financial processes helps you maximize your resources.
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Solving Construction Electronic Payment Adoption with the Handle Platform
Electronic Payment Adoption is becoming more of an initiative across all industries but specifically in Construction. The Construction industry as a whole has been driving towards a larger initiative to increase Electronic Payment Adoption to lower DSO, drive improved efficiencies, and increase financial transparency. Some of the main hurdles that discourage construction companies from implementing […]
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Reinforce, Never Replace: Generative AI in Construction
This article was cowritten by Lucas Marshall and Mike Anderson of Milwaukee Tool. The opinions made herein are the authors’ own and do not necessarily signal a view/opinion from the company. Generative artificial intelligence (AI) has ruled the headlines since the unveiling of popular AI apps like ChatGPT and Bard last November. In the intervening […]
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Navigating Volatility: Mitigating Financial Risk Amid Fluctuating Supply Chain Costs
Ever since COVID-19 disrupted the global economy, the construction industry has been grappling with the volatility of supply chains. Persistent challenges, such as inflation, high input costs, and rising interest rates, prevent prices for essential equipment and materials from stabilizing. These issues pose significant threats to small businesses and independent subcontractors. So, how can construction […]
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How the Infrastructure Act Can Help You Get a Government Contract
In November 2021, Congress passed a historic infrastructure bill to recover from losses during the COVID-19 pandemic and radically improve the nation’s roads, rails and access to critical community needs. As the $1.2 trillion in funds flow throughout cities and communities everywhere, various funding opportunities arise for companies and contractors. The federal government will allocate […]
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Why Automate Financial Processes in a Construction Business?
Doing business in construction means often facing cash flow challenges, particularly related to invoice payment. And these challenges demand proactive solutions–besides, ineffective cash flow management leads to the failure of 82% of businesses. Cash flow is what keeps a business alive, and how you manage it plays a pivotal role in whether your business thrives […]
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