The Perfect Recipe for a Successful Credit Department

🎙️ On today's episode of NACM's Extra Credit podcast ...🧁 The credit department plays a role comparable to that of a meticulously crafted recipe in baking. Just as a cake recipe demands precision in ingredient selection, mixing and timing, the credit department orchestrates a series of crucial processes to ensure the financial health and success of...
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State and Federal Infrastructure Funds Set to Increase This Year

The Bipartisan Infrastructure Deal passed in 2021 provided a multibillion-dollar investment of roughly $1.2 billion into infrastructure and waterways, repair and maintenance backlogs, reductions in emissions and other low-carbon technologies. This deal has greatly impacted the construction industry and economy today.States are expected to increase ...
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Protect Your Lien Rights in Texas

Lien rights grant legal authority for contractors, subcontractors and suppliers to file a mechanic's lien against the owner's property or, in the case of a government project, the right to make a bond claim. It is also a security to force payment. But statutory changes like with Texas' recent property code make it harder to protect those lien right...
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Winter Slowdown-Pandemic Combo a New Hurdle for Construction

Winter is coming and that means the inevitable slowdown in construction is not far behind. Depending upon specialties, some construction companies fare better than others during the winter months, but slight declines in overall business are common during the industry's offseason. What remains uncharted territory for many in the sector is the combin...
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Strategic Global Intelligence Brief for March 18, 2020

By Chris Kuehl, Ph.D., NACM EconomistShort Items of Interest—US EconomyThird Crisis Reaction in 24 Hours from Fed The Federal Reserve is now officially in full crisis mode and is employing nearly all the tools used at the time of the financial sector meltdown in 2008. The economic collapse has not reached the same crisis level as was the case in 20...
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