Search results for: “capital and financing”

  • Is Textura’s Early Payment Program a Benefit? Or Only Smoke and Mirrors?

    Waiting for slow payments is a well known thorn in the side of subcontractors. It’s the associated difficulties presented by slow payment, however, that take this waiting from an annoyance to a significant problem. Subcontractors often required to float project costs, and waiting for payment from the GC can stress working capital and cause severe…

  • Zlien Closes Round of Investment Capital

    Local Entrepreneur will help contractors collect on debt.  Nonprofit investment fund leverages $450,000 for lien filing service innovation. NEW ORLEANS – Today, the New Orleans Startup Fund announced the closing of an initial round of financing for Zlien, a mechanics lien filing service that helps contractors and suppliers manage liens, claims and receivables nationwide. [pullquote style=”right” quote=”dark”]The…

  • The Ultimate Guide to Retainage in the Construction Industry

    The Ultimate Guide to Retainage in the Construction Industry

    The practice of retainage, aka retention, has a tremendous impact on the construction industry. Learn how retainage works on different types of projects and in different states. Article links to a state-by-state overview of retainages rules and requirements.

  • Five Financial Questions Construction Contractors Need to Answer Before Building

    Five Financial Questions Construction Contractors Need to Answer Before Building

    If you start a project without dealing with these issues, you may find yourself having trouble getting paid. Though the paperwork and tasks involved may seem as though they’re taking you away from working on the project, those same tasks help protect your bottom line if a customer is hesitant to pay. By having all…

  • Time for Change: Why the Practice of Retainage Is in Need of Significant Reform

    Time for Change: Why the Practice of Retainage Is in Need of Significant Reform

    As subcontractors know all too well, retainage is an owner’s or higher-tier contractor’s practice of holding a predetermined percentage from each progress payment to the next-lower tier of subcontractors, and releasing the retained amounts only when a milestone such as “substantial completion” is reached. This practice has a dramatic effect on subcontractors, because the financial…