Outsourced collections for Construction

• We cover all aspects of collections for sub-contractors in the construction industry.
• We are experienced in:
  • Formulating and submitting applications for payment
  • CIS
  • Authenticated receipts, self-billing and reverse VAT
  • Negotiating interim payments and final accounts
  • The Construction Act regarding payment and suspension of service
• We provide a customer focused collection process. We add to your customer relationship, not detract from it.
• Our staff are trained on all aspects of effective credit management and are either fully qualified or working towards qualification with the Chartered Institute of Credit Management.
• We direct your customers to pay your bank account, not ours, so you remain in control.
• Our service provides reduced overheads compared to an additional in-house employee and far less cost than employing a person of a similar caliber to the CMG UK staff.
• Reduced management time required by you, our approach is agreed at the outset with you and we provide regular reporting to keep you informed of all progress.
• We have a proven track record of significantly reducing debtor days significantly therefore increasing ROI

Our outsourced collections service includes:

• Credit control activity carried out seamlessly in your company’s name.
• Mapping one of your geographic telephone numbers to our telephone system where incoming calls will be answered in your company’s name.
• Credit checks and monitoring of all existing and potential customers.
• We agree collection strategy & process with you at the outset to reduce management time required by you.
• A regular review of your ledger with you to discuss escalation of delinquent debts.
• Regular reporting of collection activity, cash projections and disputed invoices to ensure you are continually in the loop regarding all communications with your clients.
• Final Demand letters from CMG UK to your customer along with assistance through adjudication or if appropriate, the County Court process through to Judgment and enforcement.

Take a look at our Outsourced Credit Control case studies

Pricing

Our prices start from £597 + VAT per month. Please contact us for a no obligation discussion and a cost estimate to deliver a tailored service to suit your business needs.

Download our guide to Outsourced Collections

Please don’t hesitate, contact us now; we are more than happy to offer you a free, no obligation discussion of how Outsourced Collections with CMG UK can improve your cash flow and reduce your risk to bad debt.