Construction Credit Services
The construction business is one of the most difficult areas to manage accounts receivable, credit and collections. Contract language, delays, allegations of inferior building materials and/or inferior workmanship, a lack of desire to pay on time, a lack of communication on the part of subcontractors with their material suppliers and with project owners and/or general contractors all play a part in this difficult process, not to mention that some folks just are out to try and get something for nothing.
CreditPro Financial Services, LLC, has experienced credit professionals specializing in Ohio construction credit and collections management. Our staff includes former credit managers for major Ohio construction companies and construction materials suppliers. We know what it takes at the beginning, during and at the end of a project to insure you will get paid.
Service of Required Documentation at the Start….
Unless you are in direct privity of contract with an Owner, certain documentation is required to be served upon the Owner and Principal Contractor for all Commercial Construction projects in Ohio. There are also required notifications that must be served if you are a subcontractor or material supplier not in direct privity of contract with the Original Contractor on Public Work (such as roadways, bridges, publicly owned buidings and other publicly owned structures).
CreditPro Financial Services, LLC will serve all required notices to protect your ability to file a lien on commercial properties or in the case of public work, protect your ability to file a lien against the unpaid funds owed to the original contractor or subcontractor.
Service of Mechanic’s Liens and Affidavits For Claim ….
In the event collection of the receivable cannot be accomplished voluntarily, CreditPro Financial Services, LLC will prepare Affidavits To Obtain A Mechanic’s Lien and/or Affidavits For Claim on your behalf to secure your financial position.
Construction Contract Review ….
All too often, unwary subcontractors execute contracts and purchase orders before first fully understanding all of the implications, ramifications and requirements contained in those documents. This practice can be quite costly as many times contracts or purchase orders can be extremely one-sided and biased with most of the benefit going to the Original Contractor and most of the liability being borne upon the Subcontractor. Contrary to what you might think, the parameters in many contracts or purchase orders can be adjusted or modified to create a more balanced and equitable working relationship between the Original Contractor and Subcontractor, ultimately providing an improved product or service to the Owner. Our team of experienced construction and legal professionals will carefully review your particular contract or purchase order before you execute it to make you aware of any cumbersome or detrimental language that could adversely affect your ability to get paid, including your rights of collection, negotiation and legal recourse. We will insure that what you are signing is truly in your best interests.