Blog
A Constant Stream of Helpful Content on Getting Paid in Construction
High Stakes of Lien Deadlines: How to Secure A/R with Proactive Management
Missing a lien or bond deadline is more than just a paperwork mistake—it can mean the difference between securing your receivables or losing them for good. Nicole Hicks, Director of Credit at Elite Roofing Supply, knows this all too well. She’s faced the challenges of last-minute filings, county delays, and invoicing issues firsthand, as she […]
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Credit Talk w/ Lori: Leading a Credit Team Through Wins and Challenges
In a recent episode of Credit Talk w/ Lori, Tiffany Brown, Credit and Collections Manager at EquipmentShare, joined BuildingBlocks Community Manager Lori J. Drake, CBA, to discuss the challenges and rewards of being a credit manager. During the conversation, Tiffany opened up about what it takes to manage a credit team, the ups and downs […]
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How to Communicate with Customers Facing Financial Difficulties
In this economic climate, many businesses are feeling the pinch. Supply chain troubles, inflation, and irregular demand have caused ripples across industries, and construction is no exception. For material suppliers and contractors involved in large projects, these shifts often result in slower payments and severe financial strain. As a credit professional, your job is to […]
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Extending Credit with Confidence: Five BuildingBlocks to Know
Credit management in the construction industry is a delicate balance of risk and reward. Extending credit can enable growth and solidify long-term relationships, but it can expose your company to significant financial risk without the proper safeguards. With the right strategies, you can confidently approach credit extension, knowing your company is protected while encouraging successful […]
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How Overlooking Payment Compliance Puts Construction Businesses at Risk
Managing payments in the construction industry is challenging enough, but when you add complex, multi-state projects and diverse client types into the mix, things can get overwhelming fast. With long project timelines, multiple parties involved, and complex legal requirements, it’s easy to see how payments can quickly become one of the trickiest parts of the […]
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Credit Talk w/ Lori: How Versatility and Adaptability Define Success in Credit Management
In a Credit Talk w/ Lori episode, Lori J. Drake, CBA, Community Manager of Handle.com’s BuildingBlocks, spoke with Jerald Collens, CLFP, a seasoned credit and finance professional in construction. Jerald shared how his versatility and adaptability have been key to his success in the ever-changing world of credit management. As he detailed his experiences, it […]
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Crisis Communication Plan: 8 Strategies to Maintain Trust with Construction Clients
Crises are an unavoidable part of life, including business. This applies to every industry, even those in heavily regulated sectors like construction and their affiliated support businesses. Providing supplementary services doesn’t exclude you from having to deal with crises. It just changes the type of crisis you’ll likely experience. You can minimize risk left, right, […]
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How to Handle Payment Extension Requests: Balancing Flexibility and Risk
Maintaining strong customer relationships is critical in construction, especially when handling payment extension requests from long-standing clients. Material suppliers and subcontractors often find themselves balancing delayed payments with the need to keep projects moving. Offering flexibility can help nurture and preserve these important relationships. However, there’s a fine line between accommodating a customer’s needs and […]
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Compliance to Cash Flow: Key Changes for Faster Payments in Construction
Payment delays disrupt cash flow, delay new projects, and create unnecessary stress for credit professionals. For suppliers and subcontractors in construction, it’s not just about waiting for a client to process an invoice—it’s about being proactive from the start to protect cash flow and ensure timely payments. If you’re tired of waiting for payments or […]
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