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Licensing in the construction industry is often viewed as a roadblock to 鈥渂usiness-as-usual.鈥澛� Understandably, with a need to bid on and deliver projects within tight schedules, owners of construction firms...

Applying for payment is a process that every contractor must understand from A to Z. In construction, a payment application is the document (or more accurately, packet of documents) that...

Getting paid on a construction project can be cumbersome. Not only do contractors have to deal with some of the longest payment delays of any industry in the world. They...

The聽American Institute of Architects聽(AIA) is one of the largest professional organizations in the design and construction industry. They create and sell documents commonly used in construction projects, including contracts, payment...

Retainage is a common payment tactic in the construction industry, where a portion of payment is essentially held hostage until the work is properly finished. Also called retention, it鈥檚 primarily...

There are lots of ways to bill for work on a construction project. You can bill at the end of the project, at the beginning, or as you go along....

The construction industry takes a particularly unique approach to getting paid. There are multiple parties involved, a majority of them are working on credit, and the money has to pass...

Although a controversial topic, retainage is commonplace in the construction industry. You can find retainage provisions in almost every modern construction contract. But at the end of the day, that’s...

Changes to the scope of work – the specific work outlined in the contract – happen all the time on construction projects. These can result in either an increase or...

Construction projects each operate differently, and the documents and payment processes are no exception. However, every project generally requires some sort of payment application. Sometimes it can be as simple...