Author: Danny Garfield

  • CFM Review: Construction Software Buyer’s Guide

    Every Friday, we select a few articles from the week that we think are worth your time as a construction financial manager (CFM). We look for compelling articles not only about financial topics, but about business, technology, and life, that challenges you to think about your role as a CFM in different ways. We’d love…

  • Taylor Swift and Prompt Payment

    A few days ago, the largest company in the world capitulated to the request of a 25 year-old pop/country music star. On the surface, the 24-hour feud between Apple and Taylor Swift was about music royalties. Apple is rolling out its new music streaming service at the end of the month, and the company had…

  • 5 Mistakes You Can’t Afford to Make with Texas Notices and Liens

    If you’re tasked with collecting payment for construction work, you need to be taking advantage of mechanics liens. The problem is that lien and notice management is nuanced, confusing, and bureaucratic, especially in Texas. Navigating the prerequisites to protect your lien rights is confusing, and small mistakes (with large consequences) happen quite often. Below I’ll outline 5 common mistakes that people make…

  • 4 Qualities to Look for in a Credit Manager

    Great credit managers are essential to achieving great collections and A/R results. Perhaps more importantly, credit managers can pave the way to (and maintain) healthy, lasting relationships with customers. Below are a few qualities to look for when hiring credit managers. Charisma Collections is about relationships, and credit and collections managers are at the front…

  • Glossary of Construction Payment Terms

    Originally published 12/10/14. Updated 1/12/17 There are plenty of documents, agreements, provisions, and other terms used in the language of construction and construction finance. Some terms have more than one definition, depending on who you ask, and others overlap in meaning. This Construction Payment Glossary will distill this confusing set of phrases into an easy-to-understand nomenclature,…