Constructonomics

MAY 2, 2014

Of course we fronted large amounts of money for labor and materials that we were now looking to finance because payment was not being made. This attention to detail is paramount when trying to collect money because people tend to have amnesia when it involves payment and especially when it involves change orders.

Lien 186

Lien Finance Deals Legal 186

Best Practices Construction Law

NOVEMBER 21, 2019

Contractors have a means of shifting the risk of non-payment by the owner to its subcontractor by including a certain payment provisions in the subcontract agreement. The owner ultimately lost its construction financing on the project and abandoned the development. In Universal Concrete Products Corp.

Contract 77

Contract Subcontracting Drafting Virginia 77

Construction and Infrastructure Law

JANUARY 17, 2018

While the construction company’s management was great at operating the construction business, it was not so great when it came to the financing business. In general, EPCs that successfully realized investment returns typically invest through an independent financing arm. It may be time to revisit the financing model again.

Equity 40

Equity Contractors Finance Construction 40

Contractor Bookkeeping

JUNE 15, 2012

Use Credit Cards - And supplier accounts to finance your new business and be very careful about what you buy. Your contracts need a well-defined scope of work, clear payment terms, a reasonable schedule and a good change order clause. No work should ever be performed based on verbal agreements. You say O.K.

Contractors 48

Contractors Insurance Claims Lien 48

Contractor Bookkeeping

JUNE 20, 2014

Use Credit Cards - And supplier accounts to finance your new business and be very careful about what you buy. Your contracts need a well-defined scope of work, clear payment terms, a reasonable schedule and a good change order clause. No work should ever be performed based on verbal agreements. You say O.K.

Insurance 48

Insurance Construction Accounting Claims 48

Contractor Bookkeeping

JANUARY 2, 2015

Did You Use Your Personal Credit Cards - And supplier accounts to finance your new business and perhaps you were not careful about what you bought? Your contracts need a well-defined scope of work, clear payment terms, a reasonable schedule and a good change order clause. You say O.K. This is getting extremely stressful.

Construction 48

Construction Insurance Accounting Claims 48

Contractor Bookkeeping

OCTOBER 4, 2013

There are links to other resources included in this article and it is put together in the order of importance. Three Steps To A Paradigm Shift: #1 Unfreeze - Being open to a new idea that is in agreement with your core values. #2 2 Change State - Arriving at a new understanding about something. Setup your partnership agreements.

Profitability 48

Profitability Construction Accounting Cash Flow 48