Do You Need Progress Billing Software? 9 Must-Ask Questions
- Cash Management, FINANCE, Improving Productivity, Payment, TECHNOLOGY
- April 23, 2024
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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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How Technology is Transforming Construction Collections0
- FINANCE, Outlook & Trends, Payment
- December 17, 2024
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
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How Proper Lien Waiver Management Reduces Payment Claims0
- Cash Management, Claims, FINANCE, Improving Productivity, Payment, Risk Management
- November 26, 2024
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
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WIP Reports Speak Volumes: What Does Yours Say to a Surety?0
- Documentation, Improving Productivity, Payment, Risk Management
- November 26, 2024
An Ounce of Prevention is Worth a Pound of Cure: Prepare for Success on Your Construction Projects0
- Claims, Contracts, Payment, Risk Management
- November 26, 2024
By: Jim Sienicki and Christian Fernandez, Snell & Wilmer L.L.P. An ounce of prevention is worth a pound of cure—a concept subcontractors would be prudent to adopt. Often the best approach a subcontractor can take to prevent or manage claims and disputes on a project is to implement best practices before the dispute arises. This
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Keep It Ethical: Social Media Use in Credit Collections0
- Cash Management, Improving Productivity, Payment
- October 21, 2024
By Patrick Hogan, handle.com Social media platforms like LinkedIn, Facebook, and Twitter/X have become essential tools for businesses, including those in the construction industry. They provide opportunities for networking, marketing, and even assisting with credit collections. However, while using social media can enhance our efforts, it’s crucial to consider the ethical implications within the United
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Subcontractors Should Have A Plan To Get Paid
- Legally Speaking, Payment
- December 18, 2023
How to Handle Late Payments in Construction
- Best Practices, Leadership, Payment
- August 24, 2021
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How Technology is Transforming Construction Collections
- FINANCE, Outlook & Trends, Payment
- December 17, 2024
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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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A Reflection on 2024, and How EHS Will Evolve in 2025
- Outlook & Trends, Safety
- December 17, 2024
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