How can contractors make sure they get paid for their services?
Before contractors accept a job, contractors should have or make the following:
Clear contracts: Ensure contracts clearly outline the scope of work, payment schedule, and late payment penalties.
Detailed invoices: Issue detailed invoices promptly after completing each work stage, specifying the work done, materials used, and agreed-upon rates.
Payment methods: Offer flexible payment options like electronic transfers or credit cards to expedite payments.
Communication: Maintain open communication with clients, promptly addressing any concerns and clarifying expectations.
What if they still don't get paid correctly?
With the day-to-day responsibilities piled high, contacting customers who owe money may seem like a dreary task. Lack of bandwidth to follow up with every customer to settle balances is one of the main reasons why a large percentage of contractors fail to collect their debt. Contractors will require a debt collection agency or legal assistance and for this reason; we will make use of our extensive network of affiliate attorneys and agencies that abide by local, state, and federal collection laws.
ContractorsPaid is here to help you understand and be prepared to exercise mechanic's lien rights if necessary, depending on your location's laws.
What is a Mechanic Lien?
A mechanic's lien is a legal tool used by contractors, subcontractors, and suppliers to secure payment for their work on a property. It gives them a claim on the property itself, meaning they can potentially force the sale of the property to recover their unpaid debt.
Here's a simplified breakdown of how mechanic's liens work:
Work is performed: A contractor, subcontractor, or supplier provides labor or materials for improvements to a property.
Payment isn't received: Despite completing the agreed-upon work, the contractor doesn't get paid.
Lien is filed: The contractor files a mechanics lien document with the local court, effectively attaching their claim to the property.
Settlement or foreclosure: The property owner either settles the debt with the contractor or faces potential foreclosure to satisfy the lien.
Mechanic's liens can be complex and vary depending on your location. If you're facing a mechanic's lien or considering filing one, it's best to consult with a lawyer in your area to understand your specific rights and obligations.
ContractorsPaid can also help you negotiate progress payments tied to project milestones to avoid waiting for full payment at the end.
ContractorsPaid can help you with...
Negotiations
We negotiate fair payment terms between Contractors and Owners to ensure timely payments.
Invoice Reminders
We send automated invoice reminders to Contractors and Owners to facilitate prompt payment.
Mechanics Lien
If needed, we file a Mechanics Lien on the property to protect the Contractor's right to payment.
Happy Contractors
Thanks to ContractorsPaid, I was able to collect large amount of money. Highly recommended!
-RoofingDEF 2024
Thanks to ContractorsPaid, I've never had an issue getting paid on time. Highly recommended!
- RoofingABC 2024
About Us
At ContractorsPaid, our mission is to simplify the payment process for Contractors and ensure they receive the compensation they deserve.
Contact Us
Have questions? Need assistance? Reach out to us today.
hr@contractorspaid.com
+1-123-456-7890
hr@contractorspaid.com
