Recently, the Nevada Supreme Court decided Simmons Self-Storage v. Rib Roof, Inc., and while this case is especially notable for clarifying material suppliers’ rights to file mechanics liens without proving that the delivered materials…Read More
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The mechanics lien and bond claim rules are complicated, and since they vary from state to state and circumstance to circumstance, they are nearly impossible to manage and control.
In yesterday’s lesson, you learned what a lien is and how it works, right? Today, we are going to discuss how to create your company’s own lien policy that should work for projects in every state, every time.
Why make… Read More
“What is the stereotype” for the credit risk professional? That is the question asked by Cortera on its Core Insights blog, and a question they posed to NACM Credit Congress attendees back in May. The answer shouldn’t surprise many in the…Read More
What Is A Credit Policy?
Simply put, a credit policy is a set of guidelines that 1) are used to determine which customers are extended credit and billed; 2) set the payment terms for…Read More
We’re at the CFMA 2012 Annual Conference in Orlando, Florida, and there was a great session yesterday titled “The ‘Gotchas’ of Subcontractor Expansion.” This was a great presentation by Lisa Autino of Corbin Electric, Kevin…Read More
zlien is an Associate Member of the Construction Financial Management Association (CFMA), and a controller for a material supply company recently posed a question to that organization’s LinkedIn Group, inquiring about how others…Read More
What is the true cost of bad debt?
In reviewing the CFMA’s (Construction Financial Management Association) LinkedIn Group, I came across this comment:
The 2011 CFMA financial survey has gross margins for non-residential contractors at 7.5%. Our jobs are…Read More