![]() ![]() Great demand letters will incorporate components of your state’s prompt payment laws. In many states, demand letters can be required to qualify for things like attorney fees, interest, and more. Demand letters can unlock legal benefits that improve your collection positionĭemand letters can also create legal benefits for you. Demand letters, on the other hand, can easily be sent to your customer, the lender, the property owner, the general contractor, and others - all of whom will give your claim attention and start moving money!. It’s hard to make a collection conference call to all the different stakeholders. ![]() By sending a demand letter, you eliminate the “I didn’t know I owed anything,” excuse.ĭemand letters are especially helpful on construction jobs because most projects (and payments) involve multiple stakeholders. In fact, there are a number of instances where the party may not even be fully aware of the nonpayment, particularly when dealing with larger projects or construction companies. These act as an initial warning shot to show that not only are you aware of your rights but are willing to enforce them as well. The best way to get your nonpayment noticed is to send a formal demand letter. Telephone calls to your customer are certainly prudent, but they can too easily be ignored, and there are times when you want to get more attention.ĭemand letters command more attention than telephone calls and emails. In construction, it’s common to reflect the delay onto someone else in the payment chain, such as the “we’re waiting on payment from the owner” excuse. Demand letters get more attention than phone callsĬontractors experiencing slow payment or other payment problems usually start ringing their customer’s phone, and they hear some version of “it’s coming soon.” There’s the infamous “the check is in the mail” excuse that happens in all industries. Here are 3 ways that demand letters help contractors get paid when confronted with a slow-paying job. Escalating that communication and sending a demand letter is an effective way to take the next step, and get money flowing. Thousands and thousands of contractors are sending emails and making phone calls to chase payment every day. Wondering if you should send a demand letter on your job? For contractors, slow payment is a major problem. 3 Ways A Demand Letter Can Help Contractors Get Paid Faster ![]()
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