“The construction industry saw some vast improvements in 2013, but we aren’t quite out of the woods yet. Companies need to navigate the changing economy with caution and understanding the risk involved is half the battle” says Wolfe.
Wolfe, who is also the founder of The Lien and Credit Journal, provides lien and bond claim education, risk and credit management webinars as well as free white papers and resources through zlien. His work has been featured in Building Profits, Construction Executive’s Risk Management, Credit Today, Independent Electrical Contractor’s MultiBrief and Supply House Times.
“It is my hope that by working with CFMA and Building Profits to educate CFOs, contractors and suppliers about the dangers of financial risk, the construction industry will continue to see improvement in 2014” Wolfe says. “It’s not going to happen overnight, but by making smart credit decisions and mitigating default risk, there is certainly room for progress in the new year.”
zlien provides software and services to help building supply and construction companies reduce its credit risk and default receivables through the management of mechanics lien and bond claim compliance. Founded by experienced construction attorneys, zlien is the leading publisher of mechanics lien and bond claim resources and analysis, and has led the industry in innovating credit risk management solutions by utilizing the lien and bond claim laws. Learn more at www.zlien.com