Bankruptcy is a significant credit and collections challenge in the construction industry. We all fear it. A customer filing for bankruptcy protection translates into attorney fees, payment delay and non-collectable...
Joint check agreements are popular in the construction industry. In fact, they are so commonly used they are often referred to as a “construction instrument,” insinuating that they are exclusively...
Who must sign a joint check agreement, and why would that even matter? Getting ink from the appropriate parties is a critical step in executing a valid joint check agreement....
Joint check agreements and joint checks are looked upon quite favorably in the construction industry, and for good reason. While joint checks can be issued in any transaction they are...
According to the 3 Primary Traits of a Great Credit Manager. The first trait was that great credit managers “understand all of the hard work comes before credit is actually...
When you sign a joint check agreement you are signing a contract, and therefore, you want to be very careful. You want to understand what the document says and make...
Here is a secret: If you have a joint check agreement, the paying party may not be obligated to issue a joint check. The joint check agreement you signed may instead...
Fielding excuses for non-payment and promises of future payment is a fact of life in the construction and building supply industry. We’ve published two helpful articles about this here on...
This blog’s focus is traditionally on mechanics lien and bond claim laws. When providing services, materials or labor to a construction project, I feel it’s best to understand and utilize...