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 ...

Cash flow is a constant challenge for lower-tier subcontractors and suppliers in the construction industry. Engaging in factoring—the assignment of accounts receivables to third-party lenders or ...

ALEXANDRIA, VA. - When a construction subcontractor agrees to perform work on a time-and-material basis, it makes a promise to commit its work force and furnish materials to a project, and submits ...

An Iowa landscaping subcontractor and its former vice president, who submitted false invoices to a general contractor and to the Iowa Dept. of Transportation, have been barred from federal procurement ...

In the property restoration industry, time and materials (T&M) mitigation invoicing can be complex and, if not handled carefully, fraught with errors. Claims professionals often find themselves ...

Effective cash flow management is essential to any construction project. With already so many moving parts in any project, the model of general contractors and subcontractors introduces complexities ...

Three Miami-area homebuyers have filed a lawsuit against a developer of luxury mansions, his business and romantic partner, and three Florida corporations, alleging that they doctored invoices and set ...