Construction Payment Blog

“What is the stereotype” for the credit risk professional?”  That is the question asked by Cortera on its Core Insights blog, and a question they posed to NACM Credit Congress...

I recently (again) wrote about the importance of a solid preliminary notice policy in preserving the lien rights, and therefore the security, of companies in the construction industry. But, what...

Once the credit worthiness of the customer has been determined on a general scale, the specific credit limit must be set for each individual customer. Clearly, many factors may be...

As I’ve mentioned many times before, securing extensions of credit should be one of the foundational components of any successful credit policy, at least for companies in the construction industry....

Mechanics lien compliance should be a priority for any credit professional in the construction or distributing space. Many companies spend a healthy heap of money sending preliminary notices and protecting...

If you need to file a single mechanics lien claim you’ll likely need to wade through a pile of how-to materials and other paperwork, but what if you have 200...

Whenever you’ve discovered a customer hasn’t paid you on time, you absolutely must get on the phone and give them a call about this payment. It’s never easy, it’s never...

After your credit department has a mission, goals, and has started the work of determining what questions will be asked of potential credit customers on the credit application, it’s time...

Last week, a colleague of mine (Matt DeVries)posted great information about the cause of construction claims on his blog, Best Practices Construction Law.  The post – What Do You Think...

After the mission has been outlined, the specific goals to accomplish the mission have been drafted, and the organization of the department has been set, the credit department can actually...