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Stop Chasing Lien Waivers & Streamline Pay Apps

Construction Business Owner

Promote to rotator No Rotator Image Status of webinar Upcoming Discover how to standardize your schedule of values, application for payment processing, lien waivers and change orders. Central A lack of standardization for processing pay apps means SOVs, compliance documents, lien waivers, etc. Tue, 11/05/2024 - 12:00 1:00 p.m.

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You Risk Paying Twice When Sub-Contractors Don’t Pay Their Bills

Wolgast Corporation

Liens Can Wreak Havoc on Funding. If you haven’t built a building in the last couple of years, you may be surprised when your banker tells you that they want to hire a Title Company to handle all of your payments to not only the General Contractor, but also directly to the General Contractor’s second tier Sub-Contractors.

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What Contractors Need to Know About Surety Bonds

Construction Marketing

If you want to be a contractor, being licensed and bonded will have a major impact on your ability to work in the city and state where you live and work. Many state and local governments require that contractors who perform work above a threshold amount obtain licenses. What Are Surety Bonds? Bond Types.

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4 Key Habits of Large, Successful Contractors

Levelset

Levelset’s recent 2022 Cash Flow & Payment Report revealed some key differences between large, successful contractors and smaller construction businesses. Learn more: How to prequalify a general contractor. It’s a truth universally acknowledged that a contractor who’s not visible in the payment chain is less likely to get paid.

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How to Manage Compliance for Construction Success

Viewpoint Construction Technology

These days, many contractors are faced with managing larger, more complex projects on a regular basis. Contractors have to pay attention to budgets, deadlines, collaborators, change orders, progress reports, payroll, safety, compliance requirements and much more. Lien requirements. Learn the Compliance Requirements.

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5 Challenges in Meeting Construction Deadlines and How To Solve Them

Construction Marketing

Each project will consist of an intricate network of contractors and subcontractors that must be on the same page in order for important construction goals and milestones to be reached. However, many construction projects stall as workers wait around for important documents and approvals giving them the go-ahead to do their jobs.

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How a Construction-to-Permanent Loan Impacts Contractors & Lenders

Levelset

However, before starting work on a building financed with a construction-to-permanent loan, both property owners and contractors need to understand the risks. Contractor risks with a construction-to-permanent loan. These risks should be a non-issue when contractors have a comprehensive risk management plan in place.