The Challenges and Realities of Prompt Payment in Construction: A Subcontractor’s Perspective
- Best Practices, Cash Management, FINANCE, Forcasting, Payment
- March 25, 2025

By Doug Reitz – Maxim Consulting Group Key Questions in Procurement Procurement is more than purchasing. It is the act of building a stable path through uncertainty. The leadership mindset gets you out of the weeds and asks three questions: Where are we? Where do we want to be? What must we
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By Mary Klett, ASA Communications Team U.S. construction in 2026 is shaping up as a year of rebalancing. Activity is not disappearing so much as moving—away from some traditional commercial categories and toward power-hungry, infrastructure-linked work like data centers, energy, and select public projects. Contractors and subcontractors that track where demand is concentrating—and tighten procurement
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By Ara Grigorian, CPA, CCIFP Don’t let the label “supplemental information” fool you. Accurate contract schedules are just as crucial as the balance sheet and income statement for a construction contractor. By contract schedules, I mean the schedule of completed contracts and contracts in progress. These schedules provide a glimpse of where the company is
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By Matt McCammon, AvidXchange Tariffs, labor shortages, and shifting market conditions continue to challenge construction finance teams. But with the right strategy, you can stay ahead of the disruption. Learn how leaders in construction are adapting their operations—and how AP automation can help bring clarity and control to uncertain times. The construction industry stands at
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The U.S. construction industry experienced a surge in 2022 and 2023 due to federal funding and pent-up demand, but the market began softening in 2024 and continues into 2025. Key challenges include rising costs from interest rates, inflation, and tariffs, which disproportionately affect smaller firms. Supply chain disruptions, though eased, still necessitate a “just-in-case” approach
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All But Four States Had Construction Unemployment Rates Below 10% in March The national March 2025 not seasonally adjusted construction unemployment rate was 5.4%, unchanged from March 2024, according to a state-by-state analysis of U.S. Bureau of Labor Statistics data released on April 30 by Associated Builders and Contractors. The analysis found that 19 states
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