The secret way to get paid on aged accounts today
from By Scott Wolfe
Most contractors can relate to payment and accounts receivable aging problems. Customers feed out excuse after excuse to delay paying a pay application or invoice in the construction industry. This is why a poll in Construction Week Online found that 0 percent of contractors could report that they were always "paid fairly and on time," and conversely, 78 percent responded that they were facing "serious difficulty getting" paid. In this article, we're going to explore the cause of payment delay in the construction industry, and what companies can do to offset these causes. And it's easy.
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