CONSTRUCTION Archives - Page 3 of 4

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New Year, New Numbers: Mastering Cash Flow with Prompt Payment Laws 0

By Karalynn Cromeens, Cromeens Law Firm PLLC For subcontractors, managing cash flow is one of the most pressing challenges in the construction industry. The unpredictable nature of payments, coupled with disputes and delays, can often create financial strain that impacts not only ongoing projects but also the very foundation of a business. However, there is

Streamlining Payment Processes in Construction: Enhancing Efficiency and Transparency 0
- CONSTRUCTION, Payment
- December 17, 2024
By Patrick Hogan, handle.com Construction businesses are acutely aware that streamlining business —particularly payments—can lead to faster transactions and, consequently, better bottom line. This is especially crucial in the construction sector where profits are typically slim and payment processes are notoriously slow. Thankfully, the industry is now actively moving toward electronic payment systems, a vital
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Trust But Verify: Prequalifying Project Owners and GCs 0
- CONSTRUCTION
- November 26, 2024
BY Gregory R. Veal, Bovis, Kyle, Burch & Medlin, LLC Much attention is given to qualifying potential surety bond principals, where underwriters examine a contractor or subcontractor’s capital, capacity, and character to determine single and aggregate bonding lines of credit. What about the other party to the bonded contract—the obligee? The project owner may be
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The 2024 Election’s Impact on the Lame Duck Session and the 119th Congress!0
- CONSTRUCTION, Outlook & Trends
- November 26, 2024
Republicans have won the White House and control of the Congress. As of November 13, House Republicans have 218 votes, enough for a majority to the Democrats’ 208. Votes are still being counted in California, Alaska, Ohio and Oregon. In the Senate, Republicans have won 53 seats, the Pennsylvania Senate race will go to a
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