Regardless of whether a construction project involves millions of dollars and dozens of subs and consultants or has a modest budget and scope, keeping track of progress and payments is a critical, ...

Payment delays have long plagued the construction industry, collectively costing construction companies an astronomical $273 billion in 2023 alone, according to a report from Rabbet. As that report ...

WASHINGTON — The Pentagon has ordered contracting officers to increase so-called progress payments to suppliers amid concerns that many small businesses are running out of cash during the COVID-19 ...

In one of its earliest moves to shore up cash flow for contractors that may be affected by the COVID-19, the DOD issued a deviation on March 20, 2020, allowed for an increase in progress‑payment rates ...

The Department of Defense continues to issue accelerated payments meant to help defense contractors withstand the impact of the COVID-19 pandemic even after the White House declared the health crisis ...