Business
Risk
Prequalify Customers to Reduce Credit Risk as Bankruptcies Rise
Contractors can protect themselves from potential credit risks by prequalifying potential customers and closely following their credit policies to collect payment.
By Lori J. Drake
April 21, 2021
Topics
Business
Risk
by Lori J. Drake
Lori J. Drake, CBA has been a Credit Manager for over 17 years, serving as Chairman of the Texas Statewide Construction Credit Group for 4 years, and now manages the Levelset Payment Professionals Community. She educates drawing from her experiences including Mechanics Lien Law, Litigation, Fraud, Credit Policies and Contract Management.
Related stories
Business
Construction Backlog Indicator Falls, Contractor Optimism Stable
By ABC
For another month, indicators across construction sectors are on the decline and yet, for another month, contractor attitudes remain relatively positive.
Business
ABC Names 2025-2026 Tech Alliance Members
By ABC
The 2025-2026 members of the ABC Tech Alliance, which helps spur digital innovation across the industry, are revealed.
Business
Construction Materials Prices Up 0.2% in August, Driven by Iron and Steel
By ABC
Things are looking up—construction materials prices, that is, and iron and steel are mainly to blame.