BuildPay Blog

Two Cents on the Barrelhead

Cash on the barrel, pay on the nail – they all mean the same thing: immediate payment. We’re putting our two cents out there to tell you why BuildPay is the best thing since. Check back for updates and insights from BuildPay’s CEO or sign up to get the latest emailed to you.

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THE TOP 10 (FIXABLE) CONSTRUCTION PAYMENT PROBLEMS COUNTDOWN

NUMBER TWO - If you deliver projects for state government you know about WBE’s (Women-owned Business Enterprises) and MBE’s (Minority-owned Business Enterprises). There are strict requirements on government funded...

THE TOP 10 (FIXABLE) CONSTRUCTION PAYMENT PROBLEMS COUNTDOWN

NUMBER THREE - You can’t talk about payment conundrums without discussing the surety bond that assures a contractor will perform and pay their bills. Sureties are commonly involved with construction for government...

THE TOP 10 (FIXABLE) CONSTRUCTION PAYMENT PROBLEMS COUNTDOWN

NUMBER FOUR - You must hand it to some companies. It does take panache to propose to pay companies less than what they are owed simply because you know they need the working capital. Payment-chain flaws that cause...

THE TOP 10 (FIXABLE) CONSTRUCTION PAYMENT PROBLEMS COUNTDOWN

NUMBER FIVE - More than 70% of construction work placed in the US is done by companies with less than 4 employees. These companies are mostly our subcontractors. Most do not have the strong financial wherewithal that the...

THE TOP 10 (FIXABLE) CONSTRUCTION PAYMENT PROBLEMS COUNTDOWN

NUMBER SIX - Everyone in construction expects some weather delays, but they are very difficult to accurately plan for, so bad weather is almost always underestimated. Payment issues are exactly the same. Pretty much...

Construction Junkie Blog

PlanGrid Announces 5 Major Upgrades at Their First Annual Construction Summit

Early in 2018, PlanGrid announced that they would be organizing their very first annual...

The Top States to Work in Construction: #39 North Carolina

For the past 6 months, Construction Junkie has been analyzing hourly wage data from the Bureau of Labor Statistics for 25 different construction related professions. The goal was to highlight how...

[To read the rest of the story, visit constructionjunkie.com!]

[VIDEO] Simultaneous Demolition of Two 462 Feet Tall Cooling Towers

One thing’s for sure, the only thing better than one structure being demolished is two...

How Can We Keep Construction Sites Safe From Fall Hazards?

[guest post] June is National Safety Month, and this week, the focus is on falls. As anyone who...

ABC: Construction Materials Costs Increases at Fastest Pace Since 2008

Recent promises of tariffs and impending trade wars over metals, softwood lumber, and other...

[VIDEO] 5 Knots Every Construction Worker Should Know

Learning to tie several useful knots has been on my to-do list for a while now and I’m reminded...