As a construction industry professional, you know that many things can go awry between the time you contract to do a job and the actual work commences. The building materials, for example, can rise significantly based on demand and supply chain issues, worker...
As a contractor, you know about building sturdy buildings and houses for your customers. As you begin new projects, however, you often hire subcontractors to work on different parts of the building. Getting a phone call about one of your most recent building projects...
Running a construction-related business requires a lot of planning and investment. Although you can make good money, you often have to provide supplies or labor before you receive payment in full. Unfortunately, both individual property owners and even businesses that...
As a contractor, you know that you may miss a deadline for a reason that is entirely out of your control. In a perfect world, everything would come together smoothly, but it simply does not happen in all cases. This can be a big problem when working with suppliers,...
No contractor wants to get into the practice of turning down work, but if you want to avoid a big load of stress and drama, there are some clients that should be given a wide berth. Below is some information that can help you cope with difficult clients — and perhaps...
Clients usually have very specific visions when they hire a contractor to do work on their home. It’s imperative that you fully understand those specifics and other applicable points of the project before you start on it. This can help you to avoid some issues, but it...
Every builder has their own horror story of how scope creep annihilated their profit margin on a job. But typically, it is a lesson that is quickly learned and not repeated. "Scoop creep" is the term used for a building project that seems to morph past its original...
Erecting a new building or remodeling an existing one is often a complex process. The flow of funding from one party to another often depends on contracts and the completion of various stages of the work. As someone who runs a business that supplies construction...
Since 1982, the Prompt Pay Act has been in place to require federal agencies to make payments on time. When they are not made in a timely manner, interest builds. According to the Prompt Pay Act, every proper invoice must be paid with 30 days of its receipt. If an...
One major question that clients may have when signing a contract is why there is a clause referring to mechanic’s liens. You may include information on a mechanic’s lien in your contract so that your clients know that you’re willing to use a lien if they do not pay...