Equipment Lessors ArticlesRSS feed for this section

Why You Shouldn’t Rely on Your General Contractor to Get You Paid

Why You Shouldn’t Rely on Your General Contractor to Get You Paid

Relationships are an essential part of any business. In fact, one of the main ways construction companies maintain and grow business is by forming positive relationships with customers that lead to future contracts or referrals. Sometimes, however, construction companies rely too much on relationships. If there is a customer that always pays on time and […]

Read More

CFM Review: Chicago Cubs Renovation Hinges on One Word

construction equipment rental contracts

Every Friday, we select a few articles from the week that we think are worth your time as a construction financial manager (CFM). We look for compelling articles not only about financial topics, but about business, technology, and life, that challenges you to think about your role as a CFM in different ways. We’d love […]

Read More

Louisiana Lessors Have Disparate Burden To Use Lien Rights

Mechanics Lien Rights for Equipment Rental Companies and Lessors

This is a guest editorial post by Kurt Sorensen, the Corporate Credit Director for H&E Equipment.  The following was submitted to the Louisiana State Law Institute Security Devices Committee suggesting changes be made to Louisiana’s Private Works Act (i.e. the Louisiana mechanics lien laws).  Kurt was recently an instrumental player in lobbying the Mississippi legislature to […]

Read More

Louisiana’s Notice of Lease Tricks, Tips & Forms

Construction equipment leasing companies have a tough time in the mechanics lien world, regardless of where they are.  In some states, they don’t have any lien rights at all.  In other states, to qualify for lien rights, they must jump through hoops and distribute specialty notices. Louisiana has perhaps the most aggravating notice requirement for […]

Read More

How To Incorporate Lien Protection Into Your Credit Policy – For Material Suppliers and Equipment Rental Companies

Suppliers and Equipment Rental Companies Credit Management

To material suppliers and equipment lessors who ship thousands or millions of dollars of materials and equipment out on credit, credit policies are quite important.  One component of a credit policy too often overlooked in the construction industry is lien protection. When it comes to getting paid, filing a lien can be the most effective […]

Read More

ALERT: Mississippi Alters Lien Law to Welcome Rental Industry

Equipment rental Company Mechanics Lien Rights

The Mississippi lien statutes haven’t been significantly changed since 1918.   As change is the only constant in this world, on March 17, 2010, Mississippi Governor Haley Barbour signed SB 2800 into law, amending the lien laws to include rental and lease equipment and suppliers as a class of parties protected by the state’s statutory lien […]

Read More

Lessors Beware: Notifying the Owner of Your Lease

You are in the business of leasing heavy equipment to contractors. You are beginning to provide more and more machinery to jobsites. You just hit your first snag with payment. What do you do? Chances are you are stuck in rough spot and have to defer to your contract for remedy. There is likely no […]

Read More