Do You Need Progress Billing Software? 9 Must-Ask Questions
- Cash Management, FINANCE, Improving Productivity, Payment, TECHNOLOGY
- April 23, 2024
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How 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
READ MOREFour 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,
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Cash 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
READ MOREStayin’ Alive: How to Preserve a Project’s Profitability by Combatting Price Escalation0
- FINANCE, Legally Speaking, Outlook & Trends, Payment, Risk Management
- November 22, 2022
By Michael Metz-Topodas, Saul Ewing Despite the pandemic’s wane, the construction industry is still facing price escalation volatility. Finding a path to negotiate contracts in this environment requires understanding how the problem emerged and knowing the full range of solutions and remedies to employ on current and future projects. The Problem COVID-19’s disruptive force continues
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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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Improving Cash Flow Predictability in 2025
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