Cash flow is the lubricant which keeps projects running smoothly in the construction industry. Construction projects, by their nature, tend to have uneven progress toward completion. This creates a challenging environment for you to keep
The construction industry has been slow to automate its building processes and back office procedures. Practical limitations on automating building processes have kept most projects on a manual basis. Back office procedures are still handled
In the construction industry, contracts may be written on a completed contract basis or percentage-of- completion basis. In the case of a completed contract, you issue only one invoice when the job is finished. Percentage-of-completion
Cash flow is difficult to manage in the construction industry because of the irregular flow of projects and the document intensive nature of the payment process. If you want to avoid a cash crunch and
If you are a contractor, mechanic’s liens can help you collect your accounts receivable and improve your cash flow. Mechanic’s lien laws, which may vary by state, were enacted to provide protection to you,
[vc_row][vc_column][vc_column_text]Mechanic’s liens are security interests in the title to real or personal property. Contractors and providers of material or labor may use the mechanic’s lien process as a means to enforce collection of unpaid invoices.
The construction business is tough enough without having to worry about getting paid. Fortunately, mechanics lien laws, which may vary from state to state, exist to protect you in the event a client does not
[vc_row][vc_column][vc_column_text]The construction industry has historically used manual processes in its business of building houses, office towers, bridges, factories and other structures. The process of constructing a building does not lend itself easily to automation. Only