Typically, a lender can rely on receivables as collateral to support revolving lines of credit and similar credit facilities. However, the remedies and protections for suppliers, labor, and subcontractors significantly impact a lender’s ability to rely on a contractor’s receivables. Because of...

Since the late 1970s, federal, state, and local government agencies have established programs to help socially and economically disadvantaged entrepreneurs gain access to the economic mainstream of American society. While there are differences among these programs, in most cases the contracting...

When a turnaround professional is engaged to assist a company that operates in an industry with the second-highest default rate in the United States contracting—he or she can be sure of a challenging assignment ahead. Clearly, completing an engagement to turn around a contractor is a particularly...