In construction, few things matter more than strong relationships with subcontractors. General contractors and their finance teams know that projects succeed or fail based on the quality of their subs. Keeping those partners engaged and satisfied is essential. One of
What you need to know about the prompt Payment Act In the US, states are increasingly looking to implement or expand prompt payment laws
Labor shortages are pushing the construction industry to its limits. The Associated Builders and Contractors reports that hundreds of thousands of construction jobs are unfilled,
General contractors face a difficult market. Critical labor shortages and increasingly complex projects create capacity issues. At the same time, rising costs for materials and
Despite a reported 91% medium or high level of improvement in productivity, only 27% of general contractors have moved to automate their pay app process
For most general contractors, there are only two ways to grow a construction business: taking on bigger projects or taking on more projects. Both solutions
Paying subcontractors on time doesn’t happen as often as it should. Often, payment is delayed because work hasn’t been signed off, likely because all parties
Even experienced general contractors can easily find themselves stretched thin. Paying attention to details that can have legal consequences, and balancing the human interests and
Retainage. How can one word inspire so much anxiety? On paper, the practice should be simple enough. Retainage is a powerful strategy for getting subcontractors
The complex nature of construction means that, from the Chrysler Building to the Taj Mahal, no building project goes according to plan. With so many
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