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We were notified by a factoring company that a subcontractor had factored an invoice we owed the subcontractor. The payment terms were with in our
payment policy period. The subcontractor took the funds from the factoring company and did not pay his suppliers or his subcontractors. We are...Read More
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Anonymous Contractor
1 answerAdd commentSep 23, 2019
ColoradoCollectionsConstruction ContractFactoringJoint ChecksLien WaiversMechanics Lien
I am a home owner with extra land and want to build ADU’s. I need to get a construction loan. I need to know about starting a single person LLC better before
or after trying to get approved for the loan.
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Anonymous Contractor
Waiting for answerAdd commentFeb 23, 2022
CaliforniaCash FlowConstruction AccountingConstruction ContractCredit ManagementFactoringPay When Paid
I've re-read the article titled "Top invoice factoring companies for contractors in the US" a couple times now and don't see the criteria that was used to
determine these to be the top companies. What sort of criteria was used to rank these 5 out of all the others out there? I see their advance am...Read More
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Anonymous Contractor
2 answersAdd commentFeb 14, 2020
FloridaFactoring
I am a certified maintenance technician and skilled carpenter. I had as verbal agreement to restore a condemned , 2 story residential home (with detached
garage) in exchange for Occupancy in lower level for duration of “ life”. Owner now faces foreclosure. I have invested $50,000 of my own mon...Read More
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Anonymous Contractor
Waiting for answerAdd commentFeb 21, 2022
MinnesotaFactoring
Hi, What is the Contract Price Adjustment Factor formula used in the State of Florida for large Residential projects? I need to insert and amend a Fidic
contract with this formula?
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Anonymous Contractor
Waiting for answerAdd commentNov 22, 2020
FloridaConstruction ContractFactoring
We get loads from Uber freight and we ask for direct deposit to the company back account and so the factoring company that we have went and out
themself on our Uber freight account as factoring with out our company authorization?? Isn’t that against the law???
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Anonymous Contractor
Waiting for answerAdd commentDec 16, 2020
CaliforniaFactoring
Hi, I tried reaching out once before. Can you connect me to somebody in marketing regarding an opportunity for your company to join our upcoming
fully-digital real estate technology conference? My company is the organizer of the RETCON 2021 Multifamily Summit, the largest real estate eve...Read More
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Anonymous Contractor
1 answerAdd commentFeb 22, 2021
New YorkFactoring
Here is an article that details the construction factoring that I'm looking into https://www.levelset.com/blog/factoring-construction-invoices/....Read More
Anonymous Subcontractor
2 answersAdd commentJan 13, 2020
CaliforniaFactoring
If a subcontractor factors one of his invoices from a project and does not notify the general contractor that he is working with a factoring company, can that
factoring company put a mechanics lien on the project in a case of non-payment?
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Anonymous Contractor
2 answersAdd commentNov 12, 2020
New YorkFactoring
I was helping someone out they had $2000 , to spend and yes I was told she had limited funds to spend , The job had sat for 7 months then I was asked by a
friend if I could help this person get it done . So I went over there a couple days later , talked with the lady , she had 1543 sq feet of drywall to b...Read More
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Anonymous Contractor
1 answerAdd commentOct 30, 2020
IndianaFactoring
I have requested a private construction estimate from a contractor. At no time was I told that there would be fees involved in getting an estimate and I didn’t
receive anything in writing stating such. Now they have billed me $600. Am I required to pay this?
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Anonymous Contractor
1 answerAdd commentJun 7, 2020
CaliforniaConstruction ContractFactoringPayment Disputes
We are the factoring company who advances funds to our client, the company fell short with unpaid wages and fell short with payments being made to
workers. who can i file a complaint with to try and recover funds? as they are in litigation currently.
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Anonymous Contractor
2 answersAdd commentMar 13, 2020
TexasFactoringLawsuitRecovery Options
​We are general contractor. One of our subcontractors sold their receivables (invoice) to a financial services company. It looks like the subcontractor is really
suffering and may be filing for bankruptcy soon. However, the financial services company is trying to get collect on the receivable from us. They ...Read More
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Anonymous Subcontractor
1 answerAdd commentFeb 13, 2020
CaliforniaFactoringJoint ChecksMechanics LienPay ApplicationsPayment DisputesSlow Payment
Our company helps finance our customer's invoices and we work closely with another factoring company. We are working to get notices sent out for the
invoices that we have taken over and want to confirm what the notifiers' information should be on these notices. Should it be the factoring comp...Read More
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Anonymous Subcontractor
1 answerAdd commentFeb 7, 2020
TexasFactoringMonthly Notice