How to Get Paid in Construction: Training to Protect Your Cash Flow
Getting the work is important. Making sure you get paid is just as important.
For suppliers and subcontractors working in the construction industry, getting paid can involve much more than completing the work and raising an invoice.
Understanding your contractual obligations, Applications for Payment, payment notices, retention and the options available when payment is not made can all form part of protecting your company’s cash flow.
That’s why Credit Management Group created the How to Get Paid in Construction training course.
Why Take the How to Get Paid in Construction Course?
The course is designed to help delegates become more commercially aware within the construction industry, protect their company, reduce the risk of bad debt loss and improve cash flow.
It is particularly beneficial for employees working in accounts departments and project managers working for suppliers and subcontractors to the construction industry.
What Will the Construction Payment Training Cover?
The course takes delegates through important areas of the construction payment process, including:
- The order to cash process
- The cost of credit and bad credit
- Understanding who you are contracted to
- Subcontracts versus purchase orders
- CIS and reverse VAT
- The Construction Act
- Contractual obligations
- Applications for Payment
- Payment notices
- Suspending performance for non payment
- Getting retention paid
- Court action versus adjudication
The aim is to give delegates a stronger understanding of the commercial and payment issues they may encounter when working within construction.
Learn From Construction Credit Management Experience
The course is presented by Jenny Esau FCICM, who has extensive experience within the construction sector.
Jenny began her career in the credit control department of her father’s Mechanical & Electrical contracting company before pursuing a career in Credit Management within the corporate sector.
Credit Management Group also works with subcontractors and service providers throughout the construction industry.
Protect Your Business Before Payment Becomes a Problem
Understanding how construction payments work can help your team become more commercially aware, reduce the risk of bad debt and improve cash flow.
Rather than waiting until a payment problem occurs, give the people responsible for your accounts, projects and payments the knowledge they need to better protect your company.
Book Your Construction Payment Training
Want to become more commercially aware and improve how your business gets paid in construction?
