Before getting into the ins and outs of Lien Policy, and lien strategy, it’s important to note that filing a lien is only one step in the larger scheme of lien strategy as it…Read More
It’s no secret that managing preliminary notice deadlines, and sending preliminary notices within those deadlines, is a crucial aspect of lien policy and sound credit management for parties in the construction industry. In fact,…Read More
It’s no secret that getting paid in the construction industry can be difficult. Obstacles to payment seem to spring up constantly: pay when paid provisions, bankruptcy, joint check agreements, workmanship disputes, and more all cause…Read More
As the end of the year rapidly approaches, it’s time for companies to take stock of their receivables, reevaluate (or create) their credit policy, analyze their average DSO, grade their collection efforts, and vow to get paid more often…Read More
Notice Policy — Is It Worth It?
It’s no secret that compliance with notice requirements, especially when projects are located throughout many different states, is a difficult, time-consuming, and frustrating task. With deadlines changing state-by-state, project-by-project, and role-by-role, it can be nearly…Read More
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
As I’ve mentioned many times before, securing extensions of credit should be one of the foundational components of any successful credit policy, at least for companies in the construction industry.
Mechanics lien compliance should be a priority for any credit professional in the construction or distributing space. Many companies spend a healthy heap of money sending preliminary notices and protecting their lien rights, but they so rarely dedicate resources to making sure…Read More
A great tool that I always reference on the zlien website is the zlien Charts and White Papers” href=”http://www.zlien.com/mechanics-lien/white-papers”>Charts & White Papers page. There are a number of helpful resources on…Read More