A lien waiver confirms that a contractor, subcontractor, or vendor has been paid a specific amount and thereby waives any prospective claim on that portion of the property's worth. If a subcontractor is paid $50,000 for their services on a job, they may submit a lien waiver stating that they will not contest $50,000 of the value they added to the property. Lien waivers can be conditional or unconditional, and they can be used for partial or full payment.
Before ditching QuickBooks Online, construction firms must carefully evaluate their growth-driven needs. Supplementing QBO with specialized apps like Knowify and Hammr can bridge functional gaps effectively, often providing better value than switching entirely to a complex ERP system.
Read MoreThe “Big Beautiful Bill” pairs permanent tax breaks with a climate-smart infrastructure surge. RedHammer explains how modular workflows, automated certified payroll, new workforce grants, and careful cash-flow planning can turn strict federal compliance into margin and help contractors lock in the first, best-priced projects.
Read MoreConstruction M&A is surging as PE capital and infrastructure funds chase niche contractors, while aging owners face succession gaps. This article compares ESOP exits versus PE/strategic sales, details buyer criteria and risks, and gives a readiness checklist powered by RedHammer expertise.
Read MoreExplore how AI is revolutionizing construction—from smarter bidding and automated takeoffs to real-time safety monitoring and predictive scheduling. This guide breaks down key AI concepts and showcases tools that enhance efficiency, safety, and profitability.
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