Finance

Contractor’s Defense of Premature Miller Act Payment Bond Claims

by James McLaughlin, Brian A. Wolf | Oct 16, 2021
Contracts | Finance | Legal and Regulatory | Surety Bonding

On federal projects, subcontractors can make a payment bond claim if the contractor fails to pay them. However, a contractor’s surety cannot rely on a conditional payment clause to defend against the claim.

ELFA 2021 Survey of Equipment Finance Activity Reveals New Business Volume Declined 7% in 2020

by Equipment Leasing and Finance Association | Oct 11, 2021
Business | Economy | Equipment | Finance

2020 marked the first time in a decade that businesses decreased their overall spending on capital equipment, according to the SEFA. However, the 7% decline was less than the double-digit drop expected by the COVID-19 pandemic.

Implications and Considerations Contractors Should Prioritize With Pandemic Relief Programs

by Marc Valerio | Oct 5, 2021
Accounting | Business | Business Development | Finance

To rebound from the pandemic, many contractors took steps to receive government funding in hopes of regaining financial balance. It is crucial they take the necessary action to understand what exactly the relief programs have offered them and where they can go from here.

The Best Cash-Flow Fixes Come Before the Project Starts

It’s crucial that contractors set themselves up for successful cash flow. Here are some ways contractors can set themselves up for cash flow success before stepping on the jobsite.

How to Find Cost Savings in Today’s Construction Industry

by Jim Campbell | Sep 21, 2021
Accounting | Business | Finance

As contractors continue to face the unique challenges brought on by the pandemic, sourcing and implementing the right technology is a viable solution to many of the cost-saving and operational issues the industry is experiencing.

Collaboration Reduces Risk, Protects Against Rising Costs and Labor Shortages

Construction is constantly changing, leaving contractors at risk of cost overruns caused by rising costs, labor shortages and supply chain issues. These risks can be reduced through measures to secure project costs early, prevent excessive change orders and maintain subcontractor relationships.

Safeguard the Bottom Line as Lumber Prices Rise

Although contractors may be cautious about spending right now, consider the cost per linear foot of steel safety rail systems is almost equivalent to the cost of building two-by-four safety rails due to the skyrocketing cost of lumber.

Five Alternative Payment Methods for Subcontractors

by Chris Doyle | Sep 14, 2021
Accounting | Finance | Markets

Without access to capital, day-to-day operations are under threat, and plans to grow come to a disorienting halt. Prioritizing getting approved for financing will provide a layer of security when things inevitably take a turn.

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Contractor’s Defense of Premature Miller Act Payment Bond Claims

ELFA 2021 Survey of Equipment Finance Activity Reveals New Business Volume Declined 7% in 2020

Implications and Considerations Contractors Should Prioritize With Pandemic Relief Programs

The Best Cash-Flow Fixes Come Before the Project Starts

How to Find Cost Savings in Today’s Construction Industry

Collaboration Reduces Risk, Protects Against Rising Costs and Labor Shortages

Safeguard the Bottom Line as Lumber Prices Rise

Five Alternative Payment Methods for Subcontractors

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