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If you take a closer look at those 21.5M entries, you’ll find that a lot of the results offer advice about what can be done to collect from customers who don’t pay. However, this doesn’t really answer the “why customers don’t pay” question.
You’re going to need to know this information in full and 100% accurately. Because anything less than perfection might kill your payment rights
Even as work in the field moves to a technology-enabled, collaboration-first mindset, when it comes to payments, many companies are still stuck with paper forms and documents and a protection-first mindset.
All 9 have great content specially created for the construction industry. We wholeheartedly endorse them all. Let’s proceed to the list!
In the wake of these massive disasters, property owners sometimes consider an innovative construction process that can really speed up the recovery timeline for the affected communities: Production-Scale Rebuilding. But does this methodology really help the recovery process, or is it more hassle than it’s worth?
In this article, we’ll discuss the financial impact that bad debt has on a company, and we’ll show you why the true cost of that write-off is many times the amount of the initial loss.
Is it possible for all parties on a project to avoid risk, payment issues, and complete a job successfully, all without having to rely on a “protection-first” mindset?
Joint check agreements are most common in the construction industry because so many tiers of parties participate on a typical construction project. This reality of the construction business just happens to perfectly fit with the joint check concept.
What do you do when you have a customer that won’t pay? The answer in most industries is, of course, “send it to collections.” But if you take that route, you’re likely to only get pennies on the dollar (or worse), and there’s no telling how long the process will take. Fortunately, that’s not the case for the construction industry, which is lucky enough to have a lien right protections.
It’s always important to know what you’re signing, but when lien waivers are involved, the stakes are raised. Read on to learn about zlien‘s list of the 6 deadliest lien waiver mistakes.
One of the fastest and easiest ways to save time when filing a mechanics lien or lien cancellation is to record the document online through a process called electronic filing, or e-filing.