Invoice “factoring” is a financing arrangement in which a subcontractor sells outstanding invoices to a factoring company. Here’s how it works. After the contractor signs a “verification” (or ...

While payment delays are common in the construction industry, there are many tools and methods subcontractors and other construction participants can employ to facilitate a smooth payment process and ...

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Artificial intelligence (AI) tends to come up in the context of remote monitoring software and tools that upload data to the cloud. It has a place in the back office, too — as Beyer Mechanical, one of ...

New Jersey's Prompt Payment Act: Construction Contract Considerations for Developers and Owners "Where the owner fails to remit timely payment of an approved invoice, after giving seven calendar days' ...

Flexbase is turning construction financing on its head with a new credit card — the industry’s first, according to the founders — that offers up to 60 days interest-free financing. The company, which ...