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
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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
Zlien started doing business back in 2007, when there were barely any companies offering mechanic lien and preliminary notice filing services. Since then, a few folks took cues and now claim to offer professional lien and notice services. However, buyers should beware.
The mechanics lien and preliminary notice business is…Read More
At the turn of the calendar year, I wrote some blog posts about starting the year off right, including: (i) 2012 New Year’s Resolution: Protection Your Lien Rights and Stop Losing Money; and (ii) Read More
In consulting with companies around the nation about mechanic lien compliance, you’d be surprised how many companies (big and small) try to delegate their company’s mechanic lien compliance onto a secretary or office assistant. The thought is that this mechanic lien stuff is just paperwork, and that’s what the secretary…Read More
You may have noticed we’ve spent the past two weeks doing a pretty comprehensive series on material suppliers and the mechanic lien laws. Here’s a roundup of all those posts, which acts as a nice resource for material suppliers interested in learning more about their mechanic lien rights.Read More
Here I present a short guide to material suppliers on creating a Mechanics Lien Policy for your company, ending with a sample policy for free download.
What Is A Credit Policy? A Mechanics Lien Policy?
According to businessdictionary.com,…Read More
This is a question frequently asked by those in the material supply business. In fact, it’s a common practice by suppliers to worry about preliminary notices only when an account goes unpaid. This makes mechanic lien compliance remarkably easier, because the company need not worry about sending notices to owner…Read More
More than any other construction participant, complying with mechanic lien and bond claim laws is most burdensome for building material suppliers. This post examines the four primary challenges material suppliers face in the mechanics lien context.
It’s interesting that material suppliers are so consistently met with strict lien and bond claim…Read More
Every company has receivable problems. …Read More