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Episode 12: The Do’s and Don’ts of Construction Collections with Quinn Murphy
Manage episode 404680228 series 3516629
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In this episode of BUILD America, hosted by Kerry Smith, attorney Quinn Murphy of Sandberg Phoenix explores the essential do's and don'ts of construction collection. Discussing the significance of having a structured system, understanding contractual and legal rights, and securing retainage through liens, Murphy provides valuable insights for contractors facing payment challenges. Kerry and Murphy delve into the complexities of contract reviews, cautioning against signing unconditional lien waivers before payment, and emphasizing the need for prompt initiation of collections. This episode offers practical advice and strategic considerations for construction professionals navigating the intricacies of receivable recovery.
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