Saturday, March 10, 2012

U.S. Predicts Growth in 2012





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GROWTH IN 2012 - FINALLY








PressureGovernment Predicts Growth Through 2013 

When the Bureau of Labor and Statistics released its forecast data for 2012 and 2013, it showed growth in both years. With a baseline forecast predicting growth of at least 1.6% in 2012 and 2.4% in 2013, the construction industry seems to be on the mend, barring a recession.

Positioning a company for growth may be something that is finally on the minds of contractors across the country.

For those that are looking to make sure that they receive payment for new or existing work, LienItNow can provide the notices to owner that are so necessary to preserve lien rights. For information on what needs to be done in your State, visit our FAQ section.





prelienConstruction Industry's Size Still Hefty 

An interesting statistics for you to chew on: there are over 884,000 construction companies in the United States.
Of those companies, there are obviously many segments, including plumbers, electricians, drywall contractors, suppliers, heavy and civil engineering contractors, specialty trade contractors, and many, many more.

If you know how many companies exist in a certain segment, you can start to narrow in on the opportunities to find a potential job, or a potential customer.

Here are some quick numbers on the size of certain segments of the construction industry:
*269,700 Building Construction Contractors 
*57,600 Heavy and Civil Engineering Construction or Highway Contractors
*$557,000 Specialty Trade Contractors
*68% of all Construction Industry Companies employ fewer than 5 workers.

If you are dealing with a new company, we've added an additional credit check service to help you check them out.  Click here for more information on our credit checks 




move5 Ways to Get Paid  

The constant fight of getting paid never ends.  Here are 5 things to do to help speed the process along.

1. Always file a notice to owner (prelien or preliminary notice) at the beginning of the project, letting him know that you are on site and expect to be paid for the work you do.

2. Make sure you stay on top of your receivables: don't allow payments to be more than 60 days past due without phone calls, emails and even formal letters.

3. If you are a subcontractor, make sure the owner knows you're not getting paid.  If a stop notice is available in your State, get one out there.

4. Run a credit check before working with someone for the first time.

5. File a mechanics lien or construction lien BEFORE you hit the 75 day overdue mark.  The sooner you file, the more likely you are to get paid.
Save 10%
When purchasing, use coupon code ACTNOW to save 10% on any orders until the end of December, 2011. This discount cannot be combined with any other offers.

Offer Expires: December 31, 2011 


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