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Is there a payment problem in the construction industry? Absolutely. This infographic explores why some customers pay an invoice or payment application (in the industry) and why others don't...and after discovering the underlying reason why the invoices are not paid, the infographic addresses research on what can be used to effectively collect on those unpaid debt.
What is it?
It's the notice of intent to lien document.
This infographic explores collection options, the success of the notice of intent to lien, the legal requirements (and non-requirements) for this document, and how suppliers, subcontractors, and others in the construction industry can use it to get predictable cash flow and receivables performance.