Complexity of Compensation in Construction
Construction projects can be some of the most difficult jobs and getting paid for doing the work can be just as hard. Karalynn Cromeens of The Cromeens Law Firm provided some insight into why payment is NOT guaranteed in an article for The Construction Citizen. The main issue is that most construction projects are run off credit – you do the work and provide the supplies before getting paid making it more challenging to collect payment once it’s all said and done. This is how lien rights came about and why they are so important when collecting payment. Karalynn shares some essential information on extending credit in the construction industry and ways to make sure you get paid first. There is a lot to be learned in this article on collection strategies so click here to read all about it.