Editor’s Note: This is a guest article from the Executive Management Team at Rauch-Milliken International, Inc. about the challenge of managing collections on overdue accounts during coronavirus. View more construction...
Getting paid in construction can take a long time. It isn’t unusual for payments to take 60 days or more. When cash isn’t flowing into your construction business as quickly...
For contractors, a good credit management policy goes a long way to reducing the risk of non-payment. It should set guidelines for extending credit, and include a well-written collections policy...
Where is all my cash? You might have asked yourself this question before. Many contractors find themselves being profitable but still stuck with negative cash flow. Why is that? You...
Contractors sometimes have to wait a long time for payment. A demand letter can be a powerful weapon in your arsenal to get paid faster. If you are waiting on...
Beware checks with "Payment in Full," "Full and Final Settlement" or similar language written in the memo field or endorsement area. When these checks are cashed, they are very often binding, and...
When an account is unpaid and overdue, you do not want to rush into filing a lawsuit. Litigation is an expensive, and oftentimes unnecessary remedy (but, don’t let your claims...
Many of our customers that fall into the “in-house category” simply realize that lien rights management is better left to the experts like zlien, and they could be doing far...
As a Minnesota lien claimant navigated the notice requirements for establishing a lien, the property owner felt harassed. On appeal, the court found that following the necessary procedure to file...
If your boss wants to sign off on a lien claim before you file it then you’re not alone - it’s very common for the folks in the construction industry...