Nationwide Blogs
APRIL 2023 | |||
Protecting Lien Rights - When to Consult an AttorneyAs a contractor or construction company, you may have certain rights regarding property liens. This is designed to ensure that you get paid for your work and that people cannot shirk their debts... Read more |
Florida Contract Licensing - The Basic Requirements and RulesFlorida, like all states, has its processes for contractor licensing and certification. The state requires contractors to hold a Florida Contractor License to serve as a guarantee that they are qualified to do the work and that they have the necessary insurance and licensing in place. ... Read more |
Notice of Intent to Lien in Construction - What to KnowAs a contractor, one of the most important parts of the job is getting paid. That usually seems a lot easier said than done, but it's good to know that contractors have the resources to assist them in getting the money they are owed. One of the ways that you can make sure you get paid ... Read more |
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MARCH 2023 | |||
Switch to Lien Software to Protect Your ReceivablesToday, a lot of construction companies are still processing liens and notices manually. This means they are handling the research, printing out all of the information and forms, and taking care of the mailing all on their own. While this may be feasible... Read more |
Challenges to Look Out for: Manual or In-House Process for NoticesWhile no one likes to send lien notices, it is often a fact of life when it comes to asserting your rights, ensuring payment, securing receivables, and more. Of course, the entire process of sending out notices can be difficult... Read more |
Post-Pandemic Construction Project Delays and CancelationsWhen you supply the labor or materials needed to build or improve a property, you expect to get paid. However, we all know that this doesn’t always happen, so you may find it necessary to file a... Read more |
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FEBRUARY 2023 | |||
The Impact of COVID-19 on the Construction Industry and ContractorsThe construction industry faces a host of challenges, but few things have caused as many problems as the COVID-19 pandemic. The arrival of the pandemic changed things for everyone. Most companies weren’t prepared... Read more |
Construction Costs and the COVID-19 Pandemic – Cost InflationCOVID-19 affected the world in countless ways. It changed the way people work and how businesses run, how people interact with one another, and how big projects get done. Everyone is still feeling the effects of the pandemic... Read more |
Post-Pandemic Construction Project Delays and CancelationsCOVID-19 might've reared its head in 2020, but we can all agree that its effects continue to be felt. It is likely that we will be dealing with the repercussions for years to come. Individuals and businesses alike are still... Read more |
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JANUARY 2023 | |||
The Importance of Lien Waivers in ConstructionConstruction is a business of relationships. The contractor establishes a relationship with the client and with subcontractors and suppliers. Relationships are built on trust, but in construction... Read more |
Construction Notices Basics: Preliminary Notice vs. Notice of Intent to LienPeople who spend time in the construction industry have likely heard the terms preliminary notice or notice of intent to lien. Often, both terms are referred to as a notice which can confuse... Read more |
Back Charges in Construction: What to KnowIn the perfect construction scenario, money flows down the supply chain from the owner to the general contractor to subcontractors and suppliers. However, an ideal construction project doesn't exist... Read more |
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DECEMBER 2022 | |||
Know to Grow – Tips for Every Construction CompanyThere is an old saying in business: "If you're not growing, you're dying." While that is a little too simplistic, growth is necessary no matter the business. If you are looking to take your construction company to the next level ... Read more |
Lien Laws Update: GrorgiaA lien is commonplace both for residential and construction properties. For the latter, it is a claim that is made against that property, either by the contractor or subcontractor... Read more |
Lien Laws Update: TexasTexas passed a litany of new lien laws back in March of 2022. Knowing more about those lien laws and how they can impact both contractors and owners is a crucial part of the construction process.... Read more |
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NOVEMBER 2022 | |||
Lien Laws Update: ArkansasIn 2021, the state of Arkansas made sweeping changes to the statutes concerning public and private bonds. These changes affect contracts that started in April 2021 and involve multiple types of notices and deadline requirements ... Read more |
Lien Laws Update: MissouriFor those who work in construction in the state of Missouri or are involved at some level of the construction process as a contractor, subcontractor, sub-subcontractor, or material supplier, recent updates to ... Read more |
Lien Laws Update: TennesseeIf you are a construction worker in the state of Tennessee 2020 updates to the state lien laws may affect you. Whether you're serving as a contractor, subcontractor, sub-subcontractor, or material supplier... Read more |
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OCTOBER 2022 | |||
Mechanics Lien In New York – FAQs and GuideA mechanic's lien is a security interest in the property title for the benefit of those who have supplied labor or materials that improve the property. Mechanics liens protect general contractors ... Read more |
Invoice Factoring in Construction – How it WorksCashflow is a pain point in the construction industry. Invoice factoring can help construction companies facilitate better cash flow and business practices... Read more |
Common Problems and Solutions: Managing Cash Flow in ConstructionCash flow is a pain point in the construction industry. The construction industry is riddled with late, slow, or partial payments for services rendered. Without taking steps to prevent cash flow issues, construction companies can easily find themselves in a bad position... Read more |
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SEPTEMBER 2022 | |||
Lien Law Requirements in States Other Than FloridaMechanic lien rights are a unique element of the construction industry. These rights are given to construction project operators to allow them to file a mechanic’s lien if they aren’t paid for their services. However, it’s important to... Read more |
Alternative Options in Protecting Lien Rights: In-House vs. OutsourcingYou have two choices when it comes to serving lien and payment notices as an owner of a construction company. You can choose to complete the process in-house or manually, or you can outsource the work. They're very different options,... Read more |
Increased Costs in Construction Motivates Companies to Secure Their Lien Rights - TipsIf you work in construction accounts receivable, it can be stressful if you don’t approach it the right way. While it’s easy enough to give out credit to anyone who asks for it, it can quickly become hard to collect those payments. However... Read more |
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AUGUST 2022 | |||
Have a Construction Business? Here's How to Improve Cash FlowCash flow is the relationship between money coming into and money going out of a business. Most people are probably familiar with the importance of managing cash flow, especially if they run a business of their own... Read more |
Knowing the Different Subcontractor TypesWhen it comes to the construction contracting trades, many different skill sets play integral roles in helping to bring a project to completion. It's very rare that a lead contractor or general contractor brings a project from start to... Read more |
How a Mechanic’s Lien Gets You Paid - The BasicsNo business likes facing a delay in payment for services rendered. Progressing or completing a construction job can’t be done without purchasing resources or building materials... Read more |
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JULY 2022 | |||
Requirements and Rules for Florida Contractor Licensing – What to KnowBecoming a licensed contractor could be the gateway to a rewarding career, serving other people and earning a living while being your own boss. Building trades are struggling to find good workers at all levels... Read more |
Construction Lien Waivers: An Ultimate GuideIn the construction industry, it’s important for contractors to be assured that they will be compensated for their services. In order to help incentivize their customers to make sure their invoices are paid in a timely manner, most states afford contractors the right to place a construction lien on a property, if... Read more |
Rising Prices and How Contractors can Deal with Them – Construction CostsInflation seems to be the running theme of 2022, and everyone is feeling the effects of it. Whether you are a consumer or a business owner, you are being impacted by rising costs in every market space in the economy... Read more |
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JUNE 2022 | |||
Protect Your Receivables and Utilize a Lien SoftwareAre you in the construction industry and struggling with being paid in a timely fashion? Are you at a loss about how to reverse the trend and keep yourself solvent while still accepting new contracts?... Read more |
The Difference Between Collections and A Mechanics LienIn some states, a construction lien is also called a mechanics lien. In the construction business, a mechanics lien is used to help ensure that you receive payment for work you performed on a construction project... Read more |
What to Know About Preliminary Notice in ConstructionIf you are in the construction business, it's essential to understand a preliminary notice and why you need to file one. Professionals who overlook or skip this part of the process risk facing non-payment for services rendered... Read more |
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MAY 2022 | |||
How to Get Your Business Paid on Time in ConstructionIf you own a construction business, you likely are aware of the hardships involved in getting your payments on time. Learn these tips for how to get paid faster... Read more |
What is a Mechanics Lien and Why is it Important?A mechanic's lien is a legal document that contractors, builders, or construction firms can use to guarantee receipt of payment for their work on a project... Read more |
What are Lien Waivers and Why are they ImportantIf you're in the construction business, you've likely come across the idea of a lien before. However, if you know about liens, you must know about lien waivers as well... Read more |
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APRIL 2022 | |||
How does a second - tier subcontractor protect their receivables when there is retainage?Regardless of what rung of the ladder you're on during a construction project, it’s important to understand how you protect your receivables or how much you’ll get paid... Read more |
Deadlines for Filing a Preliminary Notice In FloridaWhen you're a contractor working on a construction project in Florida,you're required to send a Notice To Ownerto keep your mechanics lien rights intact to protect against any form of non-payment... Read more |
When Can an Attorney Be Contacted to Protect Lien RightsWhen it comes to being paid for a construction project, it's important that you have the services of an attorney.However, even an attorney isn’t allowed to break the chain... Read more |
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MARCH 2022 | |||
Manual or in - house process for construction notices revisedWhen it comes to construction notices, all of the language and terms within each document must be formatted perfectly and filed in the proper manner... Read more |
The differencet stages of a construction project and why it mattersIf you’re in the construction business or are planning on becoming involved with any type of larger commercial real estate project, you must have a firm understanding of every arm of this industry... Read more |
Subcontractor Types in Construction: The Importance of Knowing the DifferencesThere are several working parts of any large construction project. A general contractor is normally the “construction” company that’s in charge of the project... Read more |
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FEBRUARY 2022 | |||
Can Lien laws protect your customer relationshipsThe short answer is YES!! However, filing a mechanic's lien is a serious step in business. When you’re chasing money that’s owed to you it’s important to remember that filing a lien against real property can... Read more |
HOW MECHANIC LIENS WORKOne of the most effective steps for receiving delinquent payment for rendered services in the construction industry is to file a mechanic's lien. This is the final step, short of foreclosing a lien, and on many occasions and is often the most effective... Read more |
What Happens When a Project Owner Loses Funding?When you're working on a sizable project, one of the most important elements is ensuring funds are available throughout the entirety of the project.Large construction jobs require a constant influx of money, as the bills can pile up very quickly... Read more |
JANUARY 2022 | ||
How to Make the Transition to Lien Rights Software From Spreadsheets an Easy OneWhen you get new software, the most intimidating part can be transferring your data. This article hopes to guide you through the processes and offer some tips to make data transfer absolutely seamless... Read more |
FAQs - Notice of Intent to Lien in ConstrucionDo you have a question about Notice of Intent (NOI) to lien in construction? Or have you received one, and would like to understand what this letter is detailing? Then this article is for you... Read more |
What to Know About Lien Waivers in ConstructionLike in every industry, a construction business wants to make sure that they get paid. This is particularly vital in service industries where it’s not just resources or a product lost by a failed payment, but hours of time and hard labor... Read more |
The Ultimate Guide to Overhead Costs in Construction for ContractorsConstruction accounting can be a little intimidating, even for those familiar with accounting because the purpose of bookkeeping changes slightly when dealing with a construction business... Read more |
The Mechanics Lien - A Brief HistoryThe mechanic’s lien and the right for ownership and payment are actually quite interesting, and the creation of these liens as we know them, today, lies right alongside the rich history of the founding of the United States of America... Read more |
The Basics of Back Charges in ConstructionSometimes the worst thing happens: a subcontractor or even a construction company is unable or simply does not do a satisfactory job fulfilling the work they were contractually obligated to complete... Read more |
DECEMBER 2021 | ||
Challenges When Using an In-House or Manual Process for Your NoticesWhen you own a construction company, you have two choices when it comes to serving lien and payment notices. You can choose to complete the process in-house or manually, or you can outsource the work... Read more |
Different Ways to Get Paid By a Lien - How Mechanics Liens WorkHave you ever invested time and money on a construction project and didn’t get paid? If you have, then you understand how frustrating this can be. One unpaid construction project can be a disaster for a start-up or small... Read more |
Everything You Need to Know - How to Get Paid In ConstructionMost people would assume that construction projects are easy to get compensation for, considering their high amounts. However, construction companies get stiffed just as easily as companies that sell small-ticket items... Read more |
Preliminary Notice in Construction - What to KnowWhen you wish to file a lien in the construction business, you must follow the proper steps and file the paperwork properly. Sending a preliminary notice is one of the most important steps in the lien process... Read more |
The Process of Removing a LienNo contractor ever wants to file a lien against a property owner. However, when payment isn't prompt, business owners must take steps to protect themselves. However, once payment is received, a property owner needs to be able to remove that lien... Read more |
Tips Every Construction Company Should Know to GrowBecoming the owner of a successful construction company is a huge accomplishment. It takes years of hard work and dedication to build a stable foundation for even a small construction company... Read more |
NOVEMBER 2021 | ||
Construction Companies Doing Business with Lien Software is the FutureMany construction business owners handle the lien process manually by doing the research, printing out the forms, and mailing them out themselves. While this is the way... Read more |
How to Protect Your Lien Rights as a Supplier or Subcontractor in FloridaIf you're a supplier or subcontractor in Florida, you’ve probably experienced not getting paid for a project you finished months ago. This is by far one of the most frustrating parts of the construction industry... Read more |
Improving Cash Flow and Getting CapitalIf you’re a contractor, you know how long it can take to get paid for a job you did. Oftentimes, you won’t receive a penny for the work you’ve done until after many months have passed since the completion of your project... Read more |
What Contractors and Suppliers Can Do When Their Invoice is RejectedAs a contractor or supplier, you know what it’s like to spend weeks waiting for a payment that never arrives. With payments taking an extremely long time to go through in the construction industry... Read more |
What is a Lien and How Long Does It LastLiens are legal claims against a piece of property that are recorded with the local county. Mechanics liens are claims made against a property by a contractor or subcontractor who hasn’t been paid... Read more |
What You Need to Know to Get PaidContractors who own a construction business know how difficult it can be to get paid on time. With many property owners choosing to delay or forgo their payment obligations altogether, it is important to know what legal recourse you have when this inevitably occurs... Read more |
OCTOBER 2021 | ||
Different Ways a Lien Gets You PaidContractors who have been in the business long enough know that getting paid isn't always a guarantee. Maybe you’ve been in a situation where the job was completed, but payment was never received. In this scenario, it might start looking like you will never be paid... Read more |
Florida Contractor Licensing - A Rules and Requirements GuideIf you've been thinking about becoming a contractor in Florida, you might be wondering what the licensing requirements are. All contractors working in the state will need a contractor license to work legally... Read more |
Lien Waivers in Construction - The Best GuideGeneral contractors in the construction industry have most likely encountered lien waiver documents, however more often than not, these complex yet important forms are overlooked... Read more |
Negotiating Government Construction Contracts - TipsIf you're a contractor getting ready to oversee a government construction project, you might be wondering how to negotiate the best contract for your company and employees. Negotiating government construction... Read more |
The Basics of Getting Paid in ConstructionIf you've been in the construction industry for a while, you’ve probably experienced having clients who refuse to pay for the services you provide. This can be one of the most frustrating things that can happen as a contractor... Read more |
What is the Difference - Line of Credit vs. Invoice FactoringIf you're a general contractor looking for business financing, you’ve probably found that there are a variety of options available to you. Two of the most popular products available are either a line of credit or invoice factoring... Read more |