Time is money. You’ve heard the phrase 10,000 times, and you probably think it’s true. Yet there are some companies out there still willing to fumble around with preliminary notices despite the time it takes, the in-house cost it carries and the risk of error.
This became evident to me (again) last week when we were contacted by a fairly large steel supply company. They were running into challenges determining what types of preliminary notices were required on their projects, as each states’ requirements are different. They were looking for a software solution, and we of course, directed them to the LienPilot. They looked at the software and may wind up using it, but resisted my suggestion that they use a service to do the work.
It was going to be a hard sell for me, as I was talking to the lady who had a job because the company sent preliminary notices.
Nevertheless, here are some of the things this company must do each time they start a project:
- Accumulate all of the project information
- Research project contacts to verify addresses
- Verify the property owner’s identity by pulling title records
- Locate the correct preliminary notice form
- Complete the form
- Send the form as required by the state’s service rules
- Track the notices and make sure they are delivered
- Keep record of delivery
They can’t possibly do all of this and pay the postage costs for less than what it would cost to outsource the work to Zlien or a similar preliminary notice program. It’s simple math. The money you’ll save by sending preliminary notices out to a service to handle is just one of the 4 Reasons Its Smart To Outsource Your Preliminary Notice Work.