Construction Payment Blog

Sales and credit departments have a unique relationship: While a sales person’s main goal is to bring in more revenue, credit professionals are more concerned with mitigating financial risk. Because...

Construction bidding websites can help you find potential projects. Project owners, businesses, government agencies, and other entities with a project on the horizon can submit requests for proposals, and contracts...

Credit managers have a big job: They’re responsible for getting their companies paid and mitigating financial risk. However, time-consuming busywork like data entry, staying up-to-date with laws and regulations, and...

Construction companies frequently have a hard time collecting payment. Often, the challenge is simply due to the complex nature of the payment chain. But other times, it’s because a delinquent...

QuickBooks is among the most popular accounting software for construction companies, with built-in tools that allow users to create custom reports. Accurate job costing is essential use historical experience to...

Sending lien notices is an important — and in some cases required — part of securing receivables for subcontractors and suppliers. Unfortunately, the process for creating and sending these notices...

There’s a hard truth about the construction industry: It eats up companies and spits them out. In fact, most construction companies fail, close their doors, and move on. Of the...

Equipment and material suppliers are often the last to get paid in the construction chain. Oftentimes, their customers must complete a job before being able to afford the goods needed...

Performance Contracting Inc. (PCI) is ranked one of the top ten specialty contractors in the U.S. They have a commitment to innovation which allows them to complete projects efficiently and...

At certain points during a construction project, contractors expect to get paid for their work. Whether it’s one bill at the end of the job or several smaller bills throughout...