FINANCE Archives

The Challenges and Realities of Prompt Payment in Construction: A Subcontractor’s Perspective 0
- Best Practices, Cash Management, FINANCE, Forcasting, Payment
- March 25, 2025
By Adrienne Smoot-Edwards, Regeneracy; and Mary Klett, ASA Communications The construction industry is built on hard work, careful planning, and the collaboration of numerous trades and professionals. Yet, for subcontractors — the specialists who bring buildings to life with skilled labor, materials, and expertise — the industry’s payment process is a perpetual source of frustration
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3 Principles to Consider Before Deploying Your Working Capital 0
- FINANCE, Forcasting
- January 28, 2025
By Travis Mayor, Billd Subcontractors have a host of working capital options to choose from: lines of credit, cash, credit cards, construction-specific financing, supplier terms, and more. As they cover all the capital needs of the business, subs have to be strategic and intentional, deciding which source of capital makes the most sense for each
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Understanding Additional Insured Endorsements in Construction Contracts 0
- FINANCE, Insurance, Payment
- January 28, 2025
By Gary Semmer, AssuredPartners In the construction industry, contracts define relationships, responsibilities, and expectations among contractors, subcontractors, and owners. One of the most important yet often misunderstood elements in these contracts is the Additional Insured (AI) Endorsement, which provides extended insurance coverage and is important in managing risk for all parties involved in a construction
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Improving Cash Flow Predictability in 2025 0

By Patrick Hogan, handle.com Cash flow in construction is notoriously unpredictable. Projects start, work progresses, and costs pile up long before payment hits your account. Delays in invoicing, slow approvals, and late payments can leave subcontractors and suppliers scrambling to cover payroll, materials, and other expenses. Without steady cash flow, even the most profitable projects

How Technology is Transforming Construction Collections 0

By Claire Wilson, Siteline The construction industry has a persistent challenge: getting subcontractors paid on time. Sound familiar? Given that only 5% of trade contractors report always getting paid on time—with most waiting an average of 90 days to get paid—delayed payments are an all-too-common frustration. This challenge partially stems from where subcontractors sit in

How Proper Lien Waiver Management Reduces Payment Claims 0

By Patrick Hogan, handle.com Payment disputes are one of the most frustrating roadblocks on any project. They slow down cash flow, create unnecessary tension within the project, and often escalate into formal claims that consume time and resources. Fortunately, many of these disputes are avoidable. Effective lien waiver management—done with clarity and consistency—ensures all parties