Get help with everything you need to know about construction payments.
Recently we have been examining collection policy in the context of a company’s overall credit management scheme. Having a written lien policy with a set and strictly followed procedure is important...
I recently wrote an article about the friction between sales and credit departments: Credit Departments v. Sales Departments: How Everyone Can Get Along. While the two departments are naturally at...
In every industry there is a need for collections. Most companies that I see from day-to-day are completely reactive in the collections approach. This is the company who waits to...
I recently discussed the preliminary notice requirements as set forth in Indiana lien law. In that post, I mentioned that all parties not in direct contractual relation with the property owner...
Winning new clients is essential to any construction business, but it doesn’t make a difference if you can’t collect payment from them. Contractors need to perform both of these tasks...
Electrical Marketing’s LiveWire, citing the Fargo-Moorhead Inforum blog, reported yesterday that three North Dakota Indian tribes plan to start construction of a $400 million refinery near Makoti, N.D. You probably already...
I’ve mentioned that a collection policy is an important part of a company’s overall credit management scheme. And, that a good collection policy, coupled with a thorough lien policy, may enable...
The word “retainage” can strike fear into the heart of anyone in the construction industry. The tool is a necessary evil, but it is often abused and almost always the...
When you’re running a small business, you know one thing: relationships are key. Your customers are what fuel your business and you really can’t afford to lose even just one....
A while back this blog gave our readers a wonderful introduction to the complex world of pay if paid and pay when paid clauses. As a quick refresher, construction subcontracts sometimes...
Subscribe form