Everyone in the construction industry has trouble getting paid at some point. In fact, when Construction Week Online conducted a poll inquiring who in the industry had payment problems, it found that a whopping 0% – that’s right, zero percent – reported they were always “paid in full and on time.”
Payment applications and invoices get sent out, and then it’s unfortunately a battle to always get cash flowing. What can you do to mitigate these circumstances and get paid more and more often?
The answer may be quite simple – sending a demand letter, and then sending an attorney demand letter / lawyer letter.
Getting Your Account Paid Means Prioritizing Your Invoice With Your Customer
First, non-paying customers are not uncommon, nor is it a problem unique to the construction industry. One website I really love is the “World’s Longest Invoice,” which is just an on-going list of people and companies across the country who are not paying their bills.
If you’re going to turn a non-paying account into a paying account, you must first ask why the customer isn’t paying. In most cases, it’s because your invoice is not a priority for that customer. This frequently boils down to something very simple: following up on invoices and amping up the pressure to pay.
Make your invoice or payment application top of mind. How? Make sure they have the invoice. Followup with phone calls and emails. Followup, followup, followup…and let us suggest sending a demand letter.
Payment Demands From Attorneys Presses The Right Buttons To Get You Paid
When followup phone calls, emails, and correspondence just doesn’t work, it’s time to start considering your other options. At the end of the tunnel is litigation, and you’ll want to avoid that at all costs. You can also file a mechanics lien to bridge the gap. Before these legal remedies, however, you may get good results from a simple and ineffective step: sending an attorney demand letter.
An attorney demand letter will accomplish two very important things:
- It will communicate to your customer that you are serious about the debt, and it will prioritize your account;
- The lawyer letter will put you in your best collectable position by availing you of all laws on your side to protect your right to payment.
There’s no reason why you should avoid sending a lawyer letter. It’s easy, and can be very affordable. Take our firm – Wolfe Law Group – for example. We have a flat fee to send an attorney demand letter. You don’t need to sign a complicated fee agreement, do a formal consultation, and worry about an hourly bill adding up.
You simply put your information into our online form and watch your letter get sent – it’s that easy. One flat fee and your customer gets the demand letter, and usually pays up.