Do You Need Progress Billing Software? 9 Must-Ask Questions
- Cash Management, FINANCE, Improving Productivity, Payment, TECHNOLOGY
- April 23, 2024
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Subcontractors Should Have A Plan To Get Paid0
- Legally Speaking, Payment
- December 18, 2023
By Joseph Kanfer, Woolford Kanfer Law, PC One of the most important things a subcontractor can do to plan ahead is to have a plan to get paid on their projects when their customer does not pay on time. Many subcontractors do not start thinking about what steps they might take to get paid until
READ MOREHow Late Payments Drive Claims for Subcontractors0
By Patrick Hogan, handle.com Late payments can create a ripple effect of negative consequences for subcontractors on construction projects, including cash flow struggles and potential legal disputes. As a subcontractor, you need a clear understanding of how late payments can affect construction claims. The construction sector is steadily growing, yet more than half of subcontractors
READ MORELiens and the Importance of Payment Protection in Lean Construction0
- Best Practices, FINANCE, Payment
- April 25, 2023
By Patrick Hogan, handle.com To keep up with the pace of competition and the overall business landscape in construction, time and cost management are two critical factors that construction business owners and construction project managers must consider. Construction projects involve multiple stakeholders and many moving parts, making it challenging to maintain organization and efficiency. Implementing
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Four Steps Construction Professionals Need to Take to Ensure They Get Paid0
- Legally Speaking, Payment
- April 25, 2023
By Danielle Maya, Galvanize Law Group, LLC #1 and #2: Licensing and Secretary of State Registration State and local level licensing requirements are important in the construction industry to ensure that contractors are qualified and capable of performing the work that they are contracted to do. This generally involves passing exams, demonstrating knowledge and experience,
READ MORECash Flow Positive: Taking Out the Stress in Chasing Payments0
- Cash Management, FINANCE, Payment
- January 23, 2023
By Patrick Hogan, handle.com Arguably, one of the most stressful things subcontractors have to deal with is cash flow. Growth and sales are always on the minds of business owners–but it’s hard to make moves when liquidity is held up. Taking care of cash flow should be a priority, but it’s easy to make mistakes
READ MORECover All Bases: Payment Protection Regardless of Political Season0
- FINANCE, Outlook & Trends, Payment, Risk Management
- December 20, 2022
By Patrick Hogan, handle.com Construction contractors are no strangers to uncertainty, and a split senate and congress can significantly impact the sector. Still, as we wait for changes to laws that govern payments to participants in construction projects, it’s best to be reminded of what bases to cover to protect your payments, regardless of the
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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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