Do You Need Progress Billing Software? 9 Must-Ask Questions
- Cash Management, FINANCE, Improving Productivity, Payment, TECHNOLOGY
- April 23, 2024
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Are We Ever Going to Do Something About Slow Payments?0
- Outlook & Trends, Payment, Risk Management
- April 22, 2025
The ASA Metro Washington Chapter joined forces with the National Association of Minority Contractors, DMV (District/Maryland/Virginia) Chapter and the Metro DC Hispanic Contractors Association to formulate a short paper that explains the issues and what can be done. Subcontractors in the construction industry are often expected to shoulder the financial burden of construction projects, acting
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Streamlining Subcontractor Collections: 6 Hacks for Accelerated Cash Flow0
- Best Practices, Cash Management, Improving Productivity, Payment
- April 22, 2025
By Claire Wilson, Siteline Payment delays cast a long shadow over the construction industry, particularly for subcontractors. Here’s what we know: Subcontractors often function as the project’s informal bank, with a staggering 77% reporting they routinely front project costs. Yet, consistent payments remain elusive, with only 5% of subcontractors reporting they always get paid on
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The Challenges and Realities of Prompt Payment in Construction: A Subcontractor’s Perspective0
- 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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Understanding Additional Insured Endorsements in Construction Contracts0
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 20250
- Documentation, FINANCE, Forcasting, Payment
- January 28, 2025
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
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Streamlining Payment Processes in Construction: Enhancing Efficiency and Transparency0
- 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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Improving Cash Flow Predictability in 2025
- Documentation, FINANCE, Forcasting, Payment
- January 28, 2025
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Matt Zuiderhof
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Mary Klett
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mkline
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Jenny Harris
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About FASA
To educate and equip subcontractors and suppliers with the knowledge and resources they need to thrive in the construction industry. Additionally, FASA raises awareness about issues critical to and about construction in the United States.
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Alexandria, VA 22314
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e: asaoffice@asa-hq.com
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- HEALTH, HR, Risk Management, Safety
- May 26, 2025
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