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Mastering Credit & Collections: Best Practices for Construction Professionals

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Manage episode 464231998 series 1269171
Content provided by [email protected]. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by [email protected] or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://staging.podcastplayer.com/legal.

In this insightful episode of TheLienZone podcast, Alex Barthet, a board-certified construction attorney, dives into the essential strategies for extending credit and optimizing collections in the construction industry. As the new yar unfolds, understanding these principles are vital for maintaining cash flow, minimizing risk, and fostering strong business relationships.

Highlights Include:

  • Exploring the advantages of extending credit to customers, from loyalty to competitive edge.
  • Best practices for verifying creditworthiness, including both paid and free tools.
  • Securing debts with personal guarantees, joint check agreements, and lien or bond rights.
  • Pro tips to prevent credit issues, maintain solid records, and manage collections effectively.
  • Actionable advice for protecting your rights with conditional releases and a prompt legal follow-up.

Equip yourself with the tools and techniques to handle credit and collections confidently in 2025.

  continue reading

300 episodes

Artwork
iconShare
 
Manage episode 464231998 series 1269171
Content provided by [email protected]. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by [email protected] or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://staging.podcastplayer.com/legal.

In this insightful episode of TheLienZone podcast, Alex Barthet, a board-certified construction attorney, dives into the essential strategies for extending credit and optimizing collections in the construction industry. As the new yar unfolds, understanding these principles are vital for maintaining cash flow, minimizing risk, and fostering strong business relationships.

Highlights Include:

  • Exploring the advantages of extending credit to customers, from loyalty to competitive edge.
  • Best practices for verifying creditworthiness, including both paid and free tools.
  • Securing debts with personal guarantees, joint check agreements, and lien or bond rights.
  • Pro tips to prevent credit issues, maintain solid records, and manage collections effectively.
  • Actionable advice for protecting your rights with conditional releases and a prompt legal follow-up.

Equip yourself with the tools and techniques to handle credit and collections confidently in 2025.

  continue reading

300 episodes

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