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7 Things Contractors Need to Know About Retainage

Fieldwire

Construction is one of the hardest industries to manage cash flow in, with contractors often facing large up-front costs and frequent, long delays between expenses and payment. The industry’s retainage practices throw another wrinkle into the process. In some cases, states do make specific exceptions for retainage liens.

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Construction Payment Speed: Winners and Losers

Levelset

While problems with slow payments reverberate throughout the construction industry, the truth is that some companies, roles, and project types are much more likely to get paid on time than others. Public projects often have complex payment chains, bond requirements, legal challenges, and government funding. Learn more.

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Transforming Construction Payments: Autodesk's Strategic Move with Payapps Acquisition 

Autodesk Construction Cloud

Despite this, both general contractors and subcontractors struggle with the complexities of the payment process and face significant cash flow obstacles. Time and time again, I hear about contractors’ frustrations and struggles with late payments and cash flow and how it negatively impacts their businesses.

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The 12 Best Construction Podcasts of 2020

Construction Junkie

Former winners CONEXPO-CON/AGG Radio, The ConTechCrew, and The Lien Zone were back and all had strong showings in the voting round. Eddie and Tyler currently run a Building Information Modeling (BIM) company called ABSI and bring their rich industry knowledge and friendly personalities to the show each week. . #3:

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9 Tips for Starting an Architecture Firm

Levelset

Pay close attention to cash flow. Architects live or die by their ability to manage cash flow — it’s the primary reason why businesses in the construction industry fail. Learn more: An architect’s guide to cash flow. If all your subscriptions fall in the same month, you can take quite a cash hit.

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Place Your Vote for the Best Construction Podcast of 2020

Construction Junkie

Former winners CONEXPO-CON/AGG Radio, The ConTechCrew, and The Lien Zone are back, as well as a many other podcasts that are new to the competition. Given her active industry experience, Missy is bringing a “boots on-the-ground” perspective to the show and interviewing many of the leaders in earthwork and construction technology.

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Textura-CPM : the powerful construction payment management system

Construction Cost Estimating

Textura Corporation, the most recognized collaboration solutions provider for the construction industry, just introduced Textura-CPM, the powerful construction payment management system, for developing the payment process for effective construction management.