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January 31, 2025

Mastering Credit & Collections: Best Practices for Construction Professionals

26 minutes

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.

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