Liens are the go-to tool for contractors when payment is in jeopardy. Once filed and recorded, the lien encumbers the real property where the work has been done. For the property to be released from the lien, the lien needs to be satisfied. Sounds simple, but sometimes things get complicated.
Sharing Company Culture to Strengthen Surety Relationships
While financials and performance are key to surety credit, the strength of the organization’s culture drives expense management, talent management and long-term strategic planning.
Certifications Present an Essential Part of Employee Development
Career development paths can be effective strategic tools for achieving positive organizational outcomes, as well as a means of ensuring an organization's continuing growth and productivity.
The Construction Business Case for Leveraging Payment Processing Solutions
Construction firms looking for ways to protect cash flow and tap into cost savings can turn to innovative payment processing solutions.
Get Direct About Indirect Costs in Construction
Understanding a contractor’s true cost, including direct and—just as important—indirect costs, is imperative for success.
Contractors Can Do Better Than ‘Back to Normal’ in 2021
Before coronavirus, “normal” meant waiting an average of 80+ days for payment, needing to withhold retainage payments to pad their own pockets and other difficult situations. This year, contractors should set the bar higher than normal.
Tax Planning for 2021: What Can Construction Firms Do?
In this environment of increased uncertainty, tax planning is not only possible, it is a critical step in preparing for 2021.
Get Ready for the New Lease Standard
ASU 842 was set to take effect for December 2020 year-ends, but was deferred due to the pandemic. Contractors should take the extra time to understand how management and outside credit-extending companies will view their financial statements under the new standard.











