Day: February 2, 2024

Late payments in civil construction contracts can pose significant challenges for contractors, impacting cash flow and overall project timelines. In order to effectively manage late payments, contractors need to implement strategies that focus on communication, financial planning, and risk management. This article explores key challenges faced by contractors and provides…

When dealing with debt collection in high-rise construction deals, it is essential to understand the relevant laws, communicate effectively with debtors, and utilize legal remedies when necessary. This article will explore key strategies for successfully collecting debts in the construction industry. Key Takeaways Understanding debt collection laws is crucial for…