One of the worst things that can happen in the construction business – in any business – is to get burned by a customer that doesn’t pay. If you’ve been in business long enough, chances are that a customer of yours will end up stiffing you on a project one day.
Bad debt is very, very expensive for the construction industry. The true loss of bad debt to a company is more than just the amount of the debt itself.
This free tool is valuable for anyone who has had issues with non-payment, and it will help you calculate the cost of that bad debt.
- Find out how much additional revenue you’ll need to generate to offset a bad debt write-off
- Based on construction industry data for different sectors, find out the average net profit margin
- See the true impact of bad debt on your business
- Calculate how much additional revenue you’ll need to generate to write off bad debt