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Construction finance, in plain English.

Definitions, examples, and Kiron’s POV on what trips builders up — AIA forms, retainage, change orders, allowances, draw requests, and more.

How-to guides

Step-by-step processes for the work you do every week.

Seven-step process: scope match, math check, cumulative spend, change orders, duplicates, and quote-version control.

Seven-step process: written authorization, AIA G701 pricing, signature, logging, cumulative impact, invoice verification, closeout.

Seven-step process: scope, line items, math, exclusions, allowances, comparison, and version control.

Plain-English definitions for the terms that drive construction finance.

The standard application and certificate for payment used on most U.S. construction projects.

The continuation sheet that backs every G702 — line-by-line breakdown of contract value, work completed, and retainage.

A formal modification to the original contract — and the most common source of margin loss when not tracked.

The percentage of payment withheld until the project is substantially complete. Tracked on every draw.

Document a sub signs to release lien rights in exchange for payment. Critical to collect alongside every invoice.

A budget placeholder for items not yet selected — fixtures, flooring, countertops. Overruns kill margin.

A formal request for payment from owner or lender, typically backed by an AIA G702 + supporting documents.

The two main construction contract structures — and what each means for invoice review.

Billing more than work completed (front-loading) or more than contract allows. The biggest preventable cost leak.

ACORD 25, additional insureds, waiver of subrogation, common red flags — and why manual COI tracking fails.