Slow payments are more than a waiting game for the construction industry. They contributed to 12% of total construction costs last year, dipping into firms’...
A potential housing sector recession is on the horizon, with new construction and building permits falling as homebuilder confidence has sagged to its lowest level...
Despite volatility in real estate prices and reduced consumer buying power due to inflation, the country’s largest home improvement retailer said Tuesday (Nov. 15) that...
Construction management software provider Procore has launched a tool it says will help solve a perennial problem in its industry: slow payments. Procore Pay, built...
In the city of Colton, California, there are 54,000 residents and 58 licensed warehouses. The city is in the state’s Inland Empire, just east of...
Cash flow is a significant challenge in the construction industry. Contractors often must cope with 30- to 60-day payments and holdbacks of as much as...
As ye sow, so shall ye reap, as the saying goes. But when it comes to investments in eCommerce and other digitization efforts, it can...
Construction billing platform Siteline has raised $15 million in Series A funding, the San Francisco company announced Thursday (Feb. 24). The round brings the company’s...
Most contractors working in commercial construction projects pay for materials long before receiving payment for their work. In fact, 74% have terms with their suppliers...