The revolu*onary method for simple construc*on payment that makes everyone happy.
The revolu*onary method for simple construc*on payment that makes everyone happy.
Hi, I’m @sco,wolfejr… and I’m @natebudde.
We know a lot about construc*on payment problems.
We know a lot about construc*on payment problems.
Founded
Prac*ced construc*on law.
Created Construc*on Payment Blog.
(Relied on by 100,000+ contractors and suppliers to make payment docs and payments fast & easy)
(Between us, we’re licensed in mul<ple states across the country)
(Read by more than 1,000,000 industry players every year)
(not for you, of course, for those other contractors and suppliers)
So, let’s start with why construc*on payment is such a mess.
Who needs to worry about this stuff?
“We always get paid.”(I’m all set)
“We pay our subs quickly so we never run into problems”
(I’m all set)
Okay.
That doesn’t seem to be the case when you look at the industry as a whole,
but maybe you’re an excep*on.
(you’re probably not)
“We only do business with people we trust”
“We’re protected by our contracts.”
(We’ll be fine)
(We’ll be fine)
Sure. I suppose that works some*mes.
Maybe you’ll never run into any issues, and payments will always be fast, easy, and fair for you.
(again, of course, probably not)
“We don’t have any problems right now.”
We get it.
But, wai*ng un*l a problem — like a lien —
pops up is just too late.
Wait, a lien?
That makes me angry!
What low-down,
dirty, no-good,
yella, scumbag
would file a lien on our job?
You’re not alone.
Everyone hates liens.
We hate liens.
No one walks onto a job and thinks, “I can’t wait to lien this job.”
100%of people hate liens.
(true sta<s<c)
Here’s a scale of things everyone loves and hates.
HANDSHAKE DEALS
GOODPARTNERS
LONG, STRONG
CONTRACTSUSING
LEVERAGE
LIENS SLOW PAY
& DISPUTES
this is great! well, I guess we can live with this. Pure hatred.
These days…
this is hard to find.
HANDSHAKE DEALS
GOODPARTNERS
LONG, STRONG
CONTRACTSUSING
LEVERAGE
this is great! well, I guess we can live with this. Pure hatred.
LIENS SLOW PAY
& DISPUTES
With so many regula*ons and things that can
go wrong…
everyone winds up doing this.
HANDSHAKE DEALS
GOODPARTNERS
LONG, STRONG
CONTRACTSUSING
LEVERAGE
this is great! well, I guess we can live with this. Pure hatred.
LIENS SLOW PAY
& DISPUTES
(Psst: Your aOorneys really like this solu<on)
And so too oRen…
We wind up here.
HANDSHAKE DEALS
GOODPARTNERS
LONG, STRONG
CONTRACTSUSING
LEVERAGE
this is great! well, I guess we can live with this. Pure hatred.
LIENS SLOW PAY
& DISPUTES
• Hope
• Suffocate others
• “Stay ahead”
• Write Offs
• Put their head in sand
• Turn down business
• Try to ‘transfer risk’
• Deal with it
• Lawyers!(These are all preZy bad strategies)
Here’s a list of things companies do to protect themselves against bad outcomes like liens.
All of this “protec<on” is part of the problem. :(
• Lien waivers
• Strict pay app requirements
• Prompt pay laws
• Retainage laws
• Misappropria*on of funds laws
• Prelim No*ces
• Liens
• Bonds
It’s created a bunch of noise for you to deal with…
…Not to men*on that everyone has their own way.
no, thisuse this
use this this is the best
use this
but, my lawyer says…
So how do folks manage all of this noise today?
Protect. Protect. Leverage. Protect. Protect.
LAWYER-UP USE COLLECTION
SERVICES
STRICTLYPREQUALIFYEVERYONE
“It’s just so hard to find good subs these days”
“Stay ahead of that one”
“Let’s work this one on a joint check.”
pay-when-paid
pay-if-paid
risk-transfer provisions.
must give noAce of claims within 7 days…
“do I have to sign this, or can I strike out some of this stuff?”
“Secure your payment”
“Take advantage of your lien rights.”
“Make sure you check the credit of that sub.”
(Psst. This stuff hasn’t worked very well)
Since it’s all so complicated, it’s no surprise
that things go wrong.
…
And what happens when things go wrong?
LIENS!(hey, we just got liened. I don’t even know who this person is. Were they even on this job? Argh!)
(hey, even though its a last resort we have to file a lien on this job. Otherwise, we won’t get paid and we’ll lose our rights. Argh!)
Liens are nuclear.They create a heart aOack on the project. Money stops. Schedules get delayed.Contracts get breached. Rela*onships spoil.
And it has a ripple effect across so many different par*es and jobs.
don’t. go. nuclear.
AND REMEMBER…
No one walks onto a job and thinks, “I can’t wait to lien this job.”
100%of people hate liens.
(true sta<s<c)
Okay, okay, okay.
I don’t want anything nuclear to happen on our job. I want the
process to be easy.
What’s a beZer way?
(what in the world is lienzero?)
Takes the headaches with construc*on payment and gets them out of your way.
Instead of protecWon. It focuses on collaboraWon.
Instead of leverage. It focuses on good outcomes.
And it helps you build, maintain, and prosper with:
Good rela*onships Repeat business Compe**ve advantage
Wow, that sounds great. Can I hear more?
Yes, we’re glad you asked.
It’s actually quite simple.
At the start, everyone wants things to go well.
THE OLD WAY
Fearful of bad outcomes, they set up protec*ons.
It’s a nightmare to keep up and follow-up with all
the protec*ons and paperwork, and track everyone on the job.
The result is bad outcomes.Liens | Slow pay | Back charge | Disputes
At the start, everyone wants things to go well.
HERE’S THE NEW WAY
See everyone.
Easy paperwork.
Take away the bombs.
Good Outcomes!Fast & Easy Payments.