Category: Construction Payment
-
Construction Contracts: A Lump Sum Contract May Be Easy, But There’s Risk Involved
A lump sum contract can make life a lot easier for both you and your customer at the start of a construction job, but it can also lead to problems later on.
-
Job Order Contracting: Everything Contractors and Subs Should Know
Job order contracting can be a silver bullet for straightforward public works projects. That is, if the process is properly managed.
-
Daily Construction Reports Promote Transparency and Help Speed Up Payments
Sending daily construction reports can be tedious, but doing them correctly and consistently is important. Let’s look at daily report best practices.
-
A Notice to Proceed Solidifies Project Timelines
A Notice to Proceed marks the date when a contractor or subcontractor’s work is to begin on a construction project – the date that the clock starts ticking.
-
The Punch List Can Cause Problems: Common Issues and Best Practices
Punch list work might seem minor, but it has an improportionate impact on payment. Without getting punch work out of the way, retainage won’t be released.