I’ve been a reader of Michelle Dunn’s Credit & Collections Blog for quite some time. While the blog doesn’t focus on mechanic liens and security instruments, as this blog does, it focuses on a topic that all of our clients and readers encounter: collections and credit. The relationship between mechanics lien claims and collection programs, [...]
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How Can I Secure Payment If There Are No Lien Or Bond Rights On The Project?
This blog’s focus is traditionally on mechanics lien and bond claim laws. When providing services, materials or labor to a construction project, I feel it’s best to understand and utilize the lien-like remedy available to those furnishing. It provides security for the credit you’re extending to your customer. However, when working with folks in the [...]
The Material Supplier’s Guide To Creating A Mechanics Lien Policy
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, a credit policy is: Clear, written guidelines that set (1) the terms and conditions for supplying goods [...]
Use Zlien And The Lien Laws To Reduce Your Bad Debt in 2012
As the holiday season winds down and 2012 approaches, everyone in the construction industry is looking back on the fiscal successes and failures from 2011, and making plans for the new year. Many businesses will be staring at a mound of “bad debt,” which may be written off when tax time approaches this spring. You [...]
How To Prevent A Deadbeat Customer From Taking Advantage Of You
I found a pithy and pointed article on Inc.’s website providing businesses with 5 Tips to Ensure Customers Pay You On Time. The article references a RocketLawyer.com survey revealing that 25% of companies have trouble collecting payments, and of those 60% had to write off the bad debt. The Inc. writer then rattles off 5 [...]
How To Incorporate Lien Protection Into Your Credit Policy – For Material Suppliers and Equipment Rental Companies
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 [...]
Five Things Every Construction Company Should Know About Lien Law
These days all of the laws and restrictions surrounding the construction business can make it difficult for construction companies to file a lien against consumers when necessary. If the states had embraced the Uniform Construction Lien Act that the National Conference of Commissioners on Uniform State Laws drafted in 1987, construction management companies would have [...]
$100 Discount on All Mechanic Lien Orders For A Limited Time
I’m very excited about a promotion we’ll be running this week. For a very limited time, Zlien is offering an $100 discount on all mechanic lien orders, lowering its flat fee for the preparation and recording of liens to just $195. It’s an end-of-quarter discount we’ll run through April 1st to help contractors and suppliers file [...]
End of Quarter Is Near: Are Your Accounts Receivables Where You Hoped?
It seems like only yesterday when we gathered around friends and family to toast the start of 2011. If you’re like me, you set a number of financial goals for your company, benchmarks in revenue for each quarter…and possibly, you made a resolution to do a better job of collecting your accounts receivables. As March [...]
How To Prepare For A Non-Paying Project
September is National Preparedness Month, and since we’re now in the middle of the month, I thought it would be appropriate to post about what steps you can take to prepare for a non-paying project. Payment problems and construction projects can go together like peas and carrots. Companies that do a great job of preparing [...]
Liens Are Just One Way To Collect Debt – Other Best Collection Practices
I love a great article about collection practices. Not only is a topic I’ve written about in the past (see posts from this blog here, and from the Construction Law Monitor here), but it’s one of the more important topics for those in the construction industry. Consider the “bad debt calculator” on Construction Indemnity Group’s [...]
Columnists
Scott Wolfe Jr., JD
CEO of Zlien, and a licensed attorney in six states, he's experienced in construction & corporate credit management laws....Read More
Nate Budde, JD
Zlien's Chief Legal Mind and licensed attorney. Nate is a Stanford & Tulane Grad, a Jeopardy! alumni and more....Read More
Seth Smiley, JD
Construction attorney in California & Louisiana, Seth is an experienced construction litigator and Zlien's COO....Read More
Funding Gates
The world's first CRM for receivables management.Read More
Gretchen Lynn
Operations Genius at Zlien - She writes all the fun stuff here.Read More
Jason Bull
Zlien's Research Giant - He shares tips and info on how to confirm project, surety or construction party data.Read More
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