Subcontractors are historically paid slow or not paid at all. This is due, in part, because the General Contractors may have a pay when get paid contract, and General Contractors are notorious for using construction funds that should be rightfully sent to the subcontractors and suppliers for their own funding of the project. The other reason for this is because many subcontractors submit payment and documentation in improper formats per contract documents.
If the job is an AIA contract, you must submit your application for payment in the proper AIA format. Likewise, if the GC requested payment in a certain format at the beginning of the project, likely, that could be a reason for slow or non-payment.
We can also help with lien filings, property research, project information, end user information, project type, property that product was supplied to type, bond claims, legal case sourcing and management, judgment enforcement, and we can even implement(for free) a receivables management program that will help you manage and give transparency to your cash flow and recovery process efficiency.
Contact a Baker, Bloomberg & Associates general material supplier specialist to get a free assessment and any information regarding any receivables, clients or projects that you may currently have going on and we will give you a free asset and liabilities report or a free project analysis to show you how quickly and effectively we can be there to assist you make d