Construction Credit is Risky
Long payment cycles, lean profit margins, gaps in information, and challenging accounts receivable make construction credit tricky. Leverage the security of mechanic’s liens and bond claims to ensure you’re in the best possible position to get paid faster.
Education Center
You Should Try a Collection Agency Before Writing Off Past-Due Accounts
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We’ve used NCS to protect a significant portion of our receivables over the past year…and with great success! By implementing a lien program, we have reduced our DSO by 20% in the last 12 months.
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After implementing the lien/notice to owner program, we have seen our DSO numbers steadily decline each month, to an average of around 22 days. That is over a 30% improvement in our DSO since we first partnered with NCS.
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I love the system. Before NCS I was doing the law research (long and tedious), generating the documents, certified mailing the signed docs to the necessary parties, and trying to monitor the milestones. It was a very difficult but necessary task. The NCS service website and the lien digest have revolutionized how CSI protects its lien rights. I literally log on to the website, go to the lien digest to educate myself, pull up a service request, and input the necessary data. Done! NCS reminds me of the next milestones. Brilliant. Thank you!
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Echo Group was able to recover $37,000 on a public school project by leveraging the bond claim service provided by NCS. This bond claim gave us additional leverage in negotiating a settlement with the General Contractor that we would not have had otherwise. Regarding the second project, NCS made a bond claim on our behalf and we were recently informed that the surety will be paying Echo Group in full, approximately $61,000.
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I’m no longer missing lien deadlines and the ones I submit are reviewed and corrected before being mailed out! It’s so great! Thanks!
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The improved turnaround time on lien waivers saves us 100 hours a month compared to our previous process. We quickly generate, review, and email our lien waivers. I can provide my customer with their waiver in 10 minutes or less. We have seen an increase in customer satisfaction because of this performance improvement!
Our broad network helps us help you
Each industry is unique, with its own set of risks and challenges. Our expertise is vast, our resources are bountiful, and our experience has provided us the opportunity to develop and refine tailored and successful solutions, for credit professionals just like you. Whether you need to improve your cash flow and work capital, reduce bad debt write-offs, or simply need to free up your credit department’s time, our team is prepared to ensure you are in the best possible position to get paid.
What sets us apart?
We’re here to back you up, and get you paid.
Empowering heroes
Multiple solutions
Decades of experience
“One size fits one” approach
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