Construction Payment Blog

Purchasing equipment is a major expense that contractors can use to expand services or increase capacity. But, paying for large equipment purchases with cash is not reasonable for most contractors. With the cost of some pieces of equipment, it could take contractors years to save up enough cash to pay for them. Luckily, there are several options to finance equipment purchases. We’re going to look at four ways that contractors can finance the purchase of…
If you’re considering starting a contracting business in Wisconsin, you might already know that you’ve got your work cut out for you. Not only is it difficult getting a new business off the ground, but Wisconsin contractor licensing requirements are pretty stringent and confusing. But as a new business owner, you might not have the time to stay on top of everything Wisconsin requires from you. This guide should help. It will go over all…
NGS Films and Graphics is the fastest-growing window film company in America*. They offer window film installations, graphics for retail and commercial building windows, and most recently, security films & Riot Glass to protect against building damage (3M large Markets National Dealer of the Year, 2019 and 2020). As their customer base grows, the company’s controller, Alexa McLelland, is working hard to ensure that the company always gets paid.  “Day to day, I’m trying to…
Financial success for a construction business depends entirely on their ability to manage cash flow. When a contractor starts a new project (and throughout its lifetime), they face a significant outlay of cash — often months before they will ever collect a cent. Banks and other traditional lenders often consider construction too risky to finance. So how can contractors access capital when they don’t have the savings to cover expenses? In this article, we’ll…
When you’re considering starting a contracting business in Delaware, you’re probably looking forward to being your own boss. You’ll be able to make your own schedule, take the jobs you want, and handpick your clients. But there are a few things that will be out of your hands, not the least of which are Delaware contractor licensing requirements. As you’re building your business, you might not have time to look into all the different requirements…
Starting a contracting business in West Virginia is an exciting time. The Mountain State is a great place to build your name. As your own boss, you’ll be able to choose your clients and the types of projects you want to work on. But even bosses have certain rules to abide by, not least of which are West Virginia contractor licensing requirements. But starting a business is a hectic time, and you probably don’t have…
Kindness General Contractors is a highly-rated commercial and industrial contracting firm located in Southern California. Part of their strong reputation is their mission to “do whatever it takes to get the job done,” according to their office manager, Elaine AbuDayyeh.  They are also prepared to do whatever it takes to ensure they are paid on every job they complete. This means they always put themselves in the position to get paid by protecting their right…
As in all states, New Hampshire contractors, subcontractors, and suppliers are not unarmed when it comes to payment disputes. If they’re not getting paid for work they completed on a construction project, they’re entitled to file a mechanics lien, just like anywhere else. But, the method of how to file a mechanics lien in New Hampshire isn’t quite so standard. Filing a mechanics lien in New Hampshire requires a step or two more, as well…
Laws provide structure to our society and the way we run our businesses. There are a wide variety of laws that affect the relationships formed during a construction project. From contracts to mechanic’s liens, prompt payment, and licensing — these construction laws all affect contractors’ and suppliers’ ability to get paid. Construction companies need to be aware of these laws and make sure that they are following them. Otherwise, they may unwittingly give up their…