Tag: Stakeholder Visibility
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Construction Industry Communication Is Weak. Notices Will Make it Stronger
Construction industry communication is weak, and the best way to buck that trend is to utilize notices at every point in the payment chain.
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What is a Project Awareness Letter? (And Why You Should Send One For Every Job)
Two keys to a healthy construction project are communication and transparency. Notices can go a long way toward doing this, but some preliminary notices can look pretty formal. Sending another document – a project awareness letter – can go a long way to setting a positive tone for the job.
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Do I Still Have a Mechanics Lien Right If a Homeowner Hires Me Directly?
Since contracting parties will be dealing directly with the homeowner, it will be up to the homeowner to collect lien waivers and make sure everything is done and done properly. However, while the homeowner may hire you or your company directly, that doesn’t mean that they’ll know the identities of any subcontractors or suppliers that…
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The Future of Construction Payment Is Technology-Enabled Collaboration
After talking to literally thousands of GC’s, subs, and suppliers, we’ve seen that many project issues arise because of distrust that’s caused by a lack of visibility and collaboration. To illustrate this point, let’s consider a typical project where a GC withholds payment to a sub (or multiple subs). There are many possible justifications the GC…
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3 Reasons to Send Voluntary Preliminary Notices
We consider sending notices to be an undisputed industry best practice, and that by putting in the time on the front end of a project (by sending notices), you can save yourself and your company a significant amount of time, money, and headaches, if a payment issue were to arise on the project at some…