You submitted your invoice 45 days ago. Still no payment. Sound familiar? You're not alone, 62% of construction contractors experience payment delays exceeding 30 days, costing the average small contractor $47,000 annually in cash flow disruptions. The culprit? Hidden contract red flags you probably signed without noticing. This guide shows you exactly what to look for before your next project and what to do when payment delays hit. Table of Content: Why Contract Compliance M

A single overlooked contract clause cost a mid-sized contractor $180,000 on a hospital project. The issue? No force majeure provision to address weather delays, which pushed the schedule back three months. This triggered liquidated damages that wiped out nearly the entire profit margin. This type of scenario highlights why well-negotiated contracts are essential in the construction industry, they protect your profits when unpredictable events occur, such as material price vol