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A Secret Weapon To Getting Paid In Construction
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Construction Credit Knowledge
Facing Serious Difficulty Getting Paid
Have Some Delays But Cash Coming Through
Paid Fairly & On Time
77.8%
22.2%0%
http://zlien.us/17Fx31Y
PAY WHEN PAIDPAY IF PAID
JOINT CHECK AGREEMENTSBANKRUPTCIES
DELAY DISPUTES & DAMAGESWORKMANSHIP DISPUTES
CHANGE ORDERSSCOPE OF WORK ISSUES
CODE INSPECTION VIOLATIONSPREVAILING WAGES
Just $10,000 of Bad Debt
How Much Revenue To Break Even?
10% NET: $100,0005% NET: $500,0001% NET: $1,000,000
Client A
Client B
Client C
Client D
Client E
$10,000
$39,000
$45,000
$12,000
$3,500
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
$10,000
$39,000
$45,000
$12,000
$3,500
Current 1-30 60-90 90+
A/R Aging Summary Growing Before Your Eyes?
PART 1: PART 2:Proactively Stop Your Accounts From Aging
Notice of Intent As A Secret Reactive Weapon
http://zlien.us/incredit
WHYDoes It
WORK?
WHYIsn’t Your Customer
PAYING?
PRIORITIES
Don’t Just Wait.
A Notice of Intent To LienPrioritizes Your Debt
You Do Not Need To Be Specially Qualified To Send A Notice of Intent
They Have No Actual Legal Consequence
They Are Inexpensive And Easy
1
2
3
PART 1:Notice of Intent As A Secret Reactive Weapon
REACTIVE
EFFECTIVE
PART 1: PART 2:Proactively Stop Your Accounts From Aging
Notice of Intent As A Secret Reactive Weapon
Smart CompaniesAlways SendPreliminary Notices
PRIORITIES
Secure your debt.
Secure your lien rights with a Preliminary Notice. This is sent right when you begin furnishing.
START OF YOUR WORK
END OF YOUR WORK
30 DAYS PAST DUE
90 DAYS PAST DUE
Send a notice of intent to lien after work is completed and you are unpaid.
START OF YOUR WORK
END OF YOUR WORK
30 DAYS PAST DUE
90 DAYS PAST DUE
File your lien or bond claim.
START OF YOUR WORK
END OF YOUR WORK
30 DAYS PAST DUE
90 DAYS PAST DUE
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• How Successful Credit Professionals Increase Revenue And Decrease Risk
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