B2B Receivables/Benchmarking Lessons for Financial Managers
In most cases, collecting on an invoice is not a problem, as a very high percentage of invoices are paid before they age past 90 days. Nevertheless, an entire industry...
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In most cases, collecting on an invoice is not a problem, as a very high percentage of invoices are paid before they age past 90 days. Nevertheless, an entire industry...
It may seem as though the sales and credit departments are fundamentally at odds with one another: One department is charged with the task of gaining as many new customers...
In many states, the notice required prior to filing a valid mechanics lien can be classified as either a preliminary notice or a notice of intent to lien. And, while...
One of the conveniences of technology is the ability to accomplish things in a shorter amount of time than it would take to do the same task in an “analogue” fashion;...
Determining whether a construction project is a privately owned project or a public project is essential to preserving your mechanics lien or bond claim rights. Private construction projects and public...
There are several reasons why it’s a good idea. Perhaps the most compelling reason is that Levelset’s data shows that sending preliminary notices helps construction companies get paid faster. Levelset...
A company will need to start departmentalizing when it begins to grow or has grown. A credit department is one of the first departments which will become needed as revenue...
One of the fundamental differences between construction contracts for public projects and those for private projects; are the claims that unpaid parties can make. Specifically, while unpaid subcontractors and suppliers...
Many in the construction industry know that California is a state in which notices are required to be sent. Not as many people know that its neighbor, Nevada, is also...
While browsing recent news stories involving mechanics liens, a very interesting headline popped up in my search results: “Sixteen People Arrested on Federal Indictment Involving Multi-State Car Theft Conspiracy.” At...
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