Contractor Collection Policy: Procedure & Forms
One of the most pressing and frequent legal needs of contractors of renewable energy products is for help with collections. Given that renewable energy projects involve multiple invoices for each customer and unforgiving, state-specific lien filing deadlines, a comprehensive collection policy is essential. The policy should provide a process for employees to follow when tracking and seeking collections from customers, including how to elevate non-payment issues when the need arises. This Collection Policy: Procedure & Forms ("Policy") is an excellent resource for contractors regardless of the state or size of the contractor's business. The Policy covers: 1) how to define departmental/employee responsibilities, 2) procedures for customer collections, 3) sample 60 day and 85 day customer demand letter templates, 4) instructions for filing mechanic's liens, 5) mechanic's lien filing deadlines and information for CA, NY, NJ, CT, CO, HI and PA, and 6) waiver and release form templates. This is a comprehensive document that pays for itself.