In the trades (electrical, masonry, plumbing, carpentry, and more), strong working relationships are key to long-term success. However, even with trust, disagreements can arise, especially when payments are involved. Unfortunately, verbal agreements and informality, while common, can make collecting what you're owed a much more difficult process later down the line.
When disputes reach the stage of passing the case to a debt collection agency, unreliable memories and missing paperwork can create hurdles. Our agents can help you navigate these challenges and secure payment for your completed work.
Debt recovery within the construction industry often hinges on disputes. Clients may claim defects in the project or subpar materials, justifying withholding payment. Disputed claims are common due to the lack of formal documentation, especially in complex supply chains.
The industry's hierarchical structure can also be a contributing factor where large companies may delay payments to improve their cash flow, leaving subcontractors and material suppliers waiting at the bottom of the chain.
So how can we help?
With our experience of the industry, we recognise payment trends and can help you avoid common pitfalls. By passing your case to us, we will identify areas to strengthen your payment processes, and can improve your cash flow by collecting your outstanding bad debts. By adding us to your internal processes, it allows you to worry less about those not paying you, and focus more on other important areas of your business.
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