Business

Contractors Have More Project and Payment Delays Than They Think
COVID-19 is transforming the way construction work is planned, completed and paid for, so contractors need to transform jobsite processes. Those that plan work properly, communicate openly and protect payments every time will be in the best position to meet the demands of a post-COVID-19 construction economy.
By Scott Wolfe Jr.
May 20, 2020
Topics
Business
by Scott Wolfe Jr.
Scott Wolfe Jr. is the CEO of Zlien, a company that provides software and services to help building material supply and construction companies reduce their credit risk and default receivables through the management of mechanics lien and bond claim compliance. He is also the founding author of the Lien Blog, a leading online publication about liens, security instruments and getting paid on every account and the Construction Finance Journal. Scott is a licensed attorney in six states with extensive experience in corporate credit management and collections law, with a specific emphasis on utilizing mechanic liens, UCC filings and other security instruments to protect and manage receivables. You can connect with him via Twitter, LinkedIn and Google+ See more at http://www.zlien.com.
Related stories
Business

Construction Futures: June 2025 Economic Roundup
By Construction Executive
Could there be more rate cuts than the construction industry originally expected this year?
Business

It’s All Relative: The Importance of Building and Maintaining Relationships in Construction
By Chad Prinkey
In a world where relationships seem to be taking a backseat to digital “connectedness,” executives from a recent Associated Builders and Contractors’ panel discussion agree that where construction is concerned, rapport still matters.
Business

Tariffed Construction Materials Prices Rise in May
By ABC
The tariffs are taking effect—and materials prices are reflecting that.