How construction contractors can avoid or handle nonpaying customers
from By Aki Merced
When construction contractors do business with clients, there is a fair expectation of payment for materials, labor, and services supplied. But sometimes, a client is unable to pay due to their financial difficulties and other situations, for reasons honest and otherwise. Regardless of the circumstances, however, not getting paid will hurt any business. Construction contractors need to have a strategic approach to collecting money and preventing nonpayments from constricting their cash flow. Here are some approaches that construction contractors can use to avoid and handle nonpaying customers.
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