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How to complete AIA payment application forms in minutes
What if we told you there was a better way to fill out your AIA payment application forms? A faster way that takes only a few minutes o...
Article
What is a Lien Waiver? A Beginner’s Guide
Lien waivers are documents that contractors, subs, and suppliers often must sign before getting paid. Unlike receipts, they include det...
Article
A Quick Guide to G702/G703 AIA Documents
To avoid time-consuming rejections, pay apps are typically required to follow a standardized format. For most construction companies, t...
Article
A guide to notices of non-compliance
Many contracts require written notice within a specific time frame to describe the details of change orders or delays in construction. ...
Article
A general contractor’s hidden risk: lower-tier subs and vendors
95% of general contractors have at least one lower-tier that is unaccounted for on their projects at any given time. If a lower-tier su...
Article
What subcontractors hide from general contractors - and why
Sometimes your subs can do mysterious things. Learn why and how they utilize lower-tier subs so you can build better processes for miti...
Article
What is a project accountant?
Project accountants are the unsung heroes of the business world. They work tirelessly behind the scenes to keep projects on track and w...
Article
What is an unconditional lien waiver?
Some projects present more challenges or financial risks than others. In light of this, it's essential to understand what unconditional...
Article
5 misconceptions about AIA G702/G703 style documents
AIA-style G702 and G703 documents come with a few disagreeable terms and a lot of resentment. While it's true that these documents are ...
Article
A beginner's guide to AIA G701 change orders
This guide will help you understand how to fill out the AIA G701 change order form and ways to avoid submission errors that could lead ...
Article
A guide to the percentage of completion method for contractors
Most businesses record income when a sale is complete. This is not always possible in the construction industry, which is where the per...
Article
AIA & AIA-style documents FAQ
Flashtract has collected some of our most frequently asked questions regarding AIA-style documents.
Article
How to automate the payment reminder process
Many contractors are struggling with late payments and unpaid invoices due to the lengthy wait time. That can become a thing of the pas...
Article
Avoid these five common mistakes on AIA G702/G703 forms
Five common mistakes with AIA G702 payment applications include: 1.) Submitting late AIA G702 forms
2.) Being tempted to over-bill 3....
Article
Common cash flow issues & solutions in construction
It's essential to develop a system that will help you manage your company's cash flow even when payments are often delayed. This guide ...