Tag: Construction

Gathering job information for a construction project is critical to the work of a credit manager, collecting pertinent information on the customer and the key players in the project so that you understand the degree of risk incurred as you embark on a project. While this process is intrinsically tied to the work and concerns of a credit manager, the responsibility of gathering information can also fall on the sales team.

California Governor Gavin Newsom signed SB 440, or the Private Works Change Order Fair Payment Act, into law on October 10. The law, which goes into effect at the start of 2026, introduces a newly structured process of resolving change-order and time-extension claims on private works of improvement.

Lien and bond rights are essential tools for protecting payments in the construction industry. Whether you’re a general contractor (GC), subcontractor or material supplier, these legal rights provide leverage when payments are delayed or withheld. However, these rights and the processes to enforce them vary significantly from state to state.

Lien laws provide a means for subcontractors, general contractors and suppliers to protect their payment for the work they’ve furnished to job sites. Understanding each state’s unique laws for notice requirements and liens is the best way to secure payment and protect your business.

Georgia’s two-step process for pre-lien notices and lien waivers can challenge even the most experienced credit professionals. Missing any key deadline can result in a complete loss of lien rights, regardless of the money owed on construction projects. For example, failing to serve a Notice to Contractor by day 30, even by mistake, can cost you tens of thousands.

Construction credit professionals know that risk can lurk around any corner, with each transaction posing a threat of late or missing payments. Luckily, there are laws that carve out special protections for credit managers working in construction.

Embarking on any construction project without a completed job information sheet is risky. Without complete and accurate job information, a company’s ability to secure payment through a mechanic’s lien or bond for their project may be compromised.  

The construction industry is a layered ecosystem where giants and startups share the same job site, each with unique risks and rules. In a highly competitive industry, the Disadvantaged Business Enterprise (DBE) Program provides marginalized businesses with a fair opportunity to compete and thrive. However, rising fraud, such as firms posing as DBEs or using certified DBEs as pass-throughs, undermines the program’s purpose.  

Construction projects can be a lot like building a sandcastle at the beach. You start with a vision, the right tools and a solid plan, only to have an unexpected wave crash in and wash it all away. In the world of construction, those waves can come in many forms: permit delays, supply chain disruptions or even a sudden shift in ownership.