Business

Contractors Can Do Better Than 'Back to Normal' in 2021
Before coronavirus, “normal” meant waiting an average of 80+ days for payment, needing to withhold retainage payments to pad their own pockets and other difficult situations. This year, contractors should set the bar higher than normal.
By Scott Wolfe Jr.
January 4, 2021
Topics
Business
by Scott Wolfe Jr.
Scott Wolfe Jr. is the CEO of Zlien, a company that provides software and services to help building material supply and construction companies reduce their credit risk and default receivables through the management of mechanics lien and bond claim compliance. He is also the founding author of the Lien Blog, a leading online publication about liens, security instruments and getting paid on every account and the Construction Finance Journal. Scott is a licensed attorney in six states with extensive experience in corporate credit management and collections law, with a specific emphasis on utilizing mechanic liens, UCC filings and other security instruments to protect and manage receivables. You can connect with him via Twitter, LinkedIn and Google+ See more at http://www.zlien.com.
Related stories
Business

Nonresidential Construction Spending Down 0.2% in May
By ABC
That start of summer is seeing the start of a slowdown in nonresidential construction spending.
Business

Construction Futures: June 2025 Economic Roundup
By Construction Executive
Could there be more rate cuts than the construction industry originally expected this year?
Business

It’s All Relative: The Importance of Building and Maintaining Relationships in Construction
By Chad Prinkey
In a world where relationships seem to be taking a backseat to digital “connectedness,” executives from a recent Associated Builders and Contractors’ panel discussion agree that where construction is concerned, rapport still matters.