Nationwide Blogs
MAY 2022 | |||
What is a Mechanics Lien and Why is it Important?A mechanic's lien is a legal document that contractors, builders, or construction firms can use to guarantee receipt of payment for their work on a project... Read more |
What are Lien Waivers and Why are they ImportantIf you're in the construction business, you've likely come across the idea of a lien before. However, if you know about liens, you must know about lien waivers as well... Read more |
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APRIL 2022 | |||
How does a second - tier subcontractor protect their receivables when there is retainage?Regardless of what rung of the ladder you're on during a construction project, it’s important to understand how you protect your receivables or how much you’ll get paid... Read more |
Deadlines for Filing a Preliminary Notice In FloridaWhen you're a contractor working on a construction project in Florida,you're required to send a Notice To Ownerto keep your mechanics lien rights intact to protect against any form of non-payment... Read more |
When Can an Attorney Be Contacted to Protect Lien RightsWhen it comes to being paid for a construction project, it's important that you have the services of an attorney.However, even an attorney isn’t allowed to break the chain... Read more |
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MARCH 2022 | |||
Manual or in - house process for construction notices revisedWhen it comes to construction notices, all of the language and terms within each document must be formatted perfectly and filed in the proper manner... Read more |
The differencet stages of a construction project and why it mattersIf you’re in the construction business or are planning on becoming involved with any type of larger commercial real estate project, you must have a firm understanding of every arm of this industry... Read more |
Subcontractor Types in Construction: The Importance of Knowing the DifferencesThere are several working parts of any large construction project. A general contractor is normally the “construction” company that’s in charge of the project... Read more |
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FEBRUARY 2022 | |||
Can Lien laws protect your customer relationshipsThe short answer is YES!! However, filing a mechanic's lien is a serious step in business. When you’re chasing money that’s owed to you it’s important to remember that filing a lien against real property can... Read more |
HOW MECHANIC LIENS WORKOne of the most effective steps for receiving delinquent payment for rendered services in the construction industry is to file a mechanic's lien. This is the final step, short of foreclosing a lien, and on many occasions and is often the most effective... Read more |
What Happens When a Project Owner Loses Funding?When you're working on a sizable project, one of the most important elements is ensuring funds are available throughout the entirety of the project.Large construction jobs require a constant influx of money, as the bills can pile up very quickly... Read more |
JANUARY 2022 | ||
How to Make the Transition to Lien Rights Software From Spreadsheets an Easy OneWhen you get new software, the most intimidating part can be transferring your data. This article hopes to guide you through the processes and offer some tips to make data transfer absolutely seamless... Read more |
FAQs - Notice of Intent to Lien in ConstrucionDo you have a question about Notice of Intent (NOI) to lien in construction? Or have you received one, and would like to understand what this letter is detailing? Then this article is for you... Read more |
What to Know About Lien Waivers in ConstructionLike in every industry, a construction business wants to make sure that they get paid. This is particularly vital in service industries where it’s not just resources or a product lost by a failed payment, but hours of time and hard labor... Read more |
The Ultimate Guide to Overhead Costs in Construction for ContractorsConstruction accounting can be a little intimidating, even for those familiar with accounting because the purpose of bookkeeping changes slightly when dealing with a construction business... Read more |
The Mechanics Lien - A Brief HistoryThe mechanic’s lien and the right for ownership and payment are actually quite interesting, and the creation of these liens as we know them, today, lies right alongside the rich history of the founding of the United States of America... Read more |
The Basics of Back Charges in ConstructionSometimes the worst thing happens: a subcontractor or even a construction company is unable or simply does not do a satisfactory job fulfilling the work they were contractually obligated to complete... Read more |
DECEMBER 2021 | ||
Challenges When Using an In-House or Manual Process for Your NoticesWhen you own a construction company, you have two choices when it comes to serving lien and payment notices. You can choose to complete the process in-house or manually, or you can outsource the work... Read more |
Different Ways to Get Paid By a Lien - How Mechanics Liens WorkHave you ever invested time and money on a construction project and didn’t get paid? If you have, then you understand how frustrating this can be. One unpaid construction project can be a disaster for a start-up or small... Read more |
Everything You Need to Know - How to Get Paid In ConstructionMost people would assume that construction projects are easy to get compensation for, considering their high amounts. However, construction companies get stiffed just as easily as companies that sell small-ticket items... Read more |
Preliminary Notice in Construction - What to KnowWhen you wish to file a lien in the construction business, you must follow the proper steps and file the paperwork properly. Sending a preliminary notice is one of the most important steps in the lien process... Read more |
The Process of Removing a LienNo contractor ever wants to file a lien against a property owner. However, when payment isn't prompt, business owners must take steps to protect themselves. However, once payment is received, a property owner needs to be able to remove that lien... Read more |
Tips Every Construction Company Should Know to GrowBecoming the owner of a successful construction company is a huge accomplishment. It takes years of hard work and dedication to build a stable foundation for even a small construction company... Read more |
NOVEMBER 2021 | ||
Construction Companies Doing Business with Lien Software is the FutureMany construction business owners handle the lien process manually by doing the research, printing out the forms, and mailing them out themselves. While this is the way... Read more |
How to Protect Your Lien Rights as a Supplier or Subcontractor in FloridaIf you're a supplier or subcontractor in Florida, you’ve probably experienced not getting paid for a project you finished months ago. This is by far one of the most frustrating parts of the construction industry... Read more |
Improving Cash Flow and Getting CapitalIf you’re a contractor, you know how long it can take to get paid for a job you did. Oftentimes, you won’t receive a penny for the work you’ve done until after many months have passed since the completion of your project... Read more |
What Contractors and Suppliers Can Do When Their Invoice is RejectedAs a contractor or supplier, you know what it’s like to spend weeks waiting for a payment that never arrives. With payments taking an extremely long time to go through in the construction industry... Read more |
What is a Lien and How Long Does It LastLiens are legal claims against a piece of property that are recorded with the local county. Mechanics liens are claims made against a property by a contractor or subcontractor who hasn’t been paid... Read more |
What You Need to Know to Get PaidContractors who own a construction business know how difficult it can be to get paid on time. With many property owners choosing to delay or forgo their payment obligations altogether, it is important to know what legal recourse you have when this inevitably occurs... Read more |
OCTOBER 2021 | ||
Different Ways a Lien Gets You PaidContractors who have been in the business long enough know that getting paid isn't always a guarantee. Maybe you’ve been in a situation where the job was completed, but payment was never received. In this scenario, it might start looking like you will never be paid... Read more |
Florida Contractor Licensing - A Rules and Requirements GuideIf you've been thinking about becoming a contractor in Florida, you might be wondering what the licensing requirements are. All contractors working in the state will need a contractor license to work legally... Read more |
Lien Waivers in Construction - The Best GuideGeneral contractors in the construction industry have most likely encountered lien waiver documents, however more often than not, these complex yet important forms are overlooked... Read more |
Negotiating Government Construction Contracts - TipsIf you're a contractor getting ready to oversee a government construction project, you might be wondering how to negotiate the best contract for your company and employees. Negotiating government construction... Read more |
The Basics of Getting Paid in ConstructionIf you've been in the construction industry for a while, you’ve probably experienced having clients who refuse to pay for the services you provide. This can be one of the most frustrating things that can happen as a contractor... Read more |
What is the Difference - Line of Credit vs. Invoice FactoringIf you're a general contractor looking for business financing, you’ve probably found that there are a variety of options available to you. Two of the most popular products available are either a line of credit or invoice factoring... Read more |