New Case Law Alert: Licensed General Contractors Cannot Sue Owners to Recover Funds for Work Performed by An Unlicensed Subcontractor
By Michele A. Ellison and Samantha R. Riggen The opinion in Kim v. TWA Construction, Inc. (2022 Cal. App. LEXIS 412) issued by the California Court of Appeal on May 13, 2022, makes it clear that a properly licensed general contractor cannot bring an action for compensation from an owner for work performed by an […]
California Case Law Update for Credit Professionals and Risk Managers
Written by: Chris Ng, Managing partner-elect of Gibbs Giden Locher Turner Senet & Wittbrodt, LLP The pandemic certainly did not slow down California’s Legislature and appellate courts. The following five appellate decisions significantly impact businesses that use standard form agreements, employ mechanics lien and related remedies to ensure payment for labor or materials on construction […]
4 Ways to Improve Cash Flow and Reduce Risk in Uncertain Times – FIS
Written by FIS Global Download PDF The impact of the global pandemic has driven companies to refocus theirefforts around improving cash flow and reducing risk. Short-term survival and long-term viability are a challenge that many companies did not see coming. Companies are turning to strategic partners for specialized solutions to help overcome this challenge. Here […]
Maximize Your Leverage When Discussing Change Orders
Don’t Let Change Orders Stand Between You and Getting Paid On average, 35% of projects experience at least one major change, according to an Independent Project Analysis Group study. Despite being commonplace, they create some of the biggest headaches for subcontractors and material suppliers. Download the NACM Expert Credit Brief, Maximizing Your Leverage When Discussing […]
Key Themes in Today’s Economy
Written by NACM National Today’s economy is riddled with unknowns, and that is not an ideal situation for the credit professional. Will the Fed be able to tame the inflation beast, or is it here to stay? Are job openings going to be filled, or will we need to find alternatives? And when on earth […]
How the War in Ukraine Could Increase the Risk of Cyberattacks
Written by NACM National Cybercrimes have wreaked havoc on businesses since before the invention of the computer, so the risk is nothing new. However, Russia’s invasion of Ukraine has brought the fear of cyberattacks to the forefront in recent weeks. “We need to be prepared for the potential of foreign influence operations to negatively impact […]
New Certifications – March
Congratulations to these members on their new CBA & CBF designations. Are you interested in education and getting a designation? Check out this guide on the certification program. If you have any questions contact Shawna Kelly. CBA:Jenni Murray, CBA – Frontier Building SupplyJill Lott, CBA – Graybar Electric Company, Inc.Lia Feldinger, CBA – Canfor Wood […]
Annual Membership Meeting
The Annual Membership Meeting is coming soon.
Chapter 11 Under Fire: U.S. Congress Seeks to End Forum Shopping
Written By: David H. Conaway, Shumaker, Loop & Kendrick, LLPRepublished with Permission Since its beginning in 1978, Chapter 11 has been the primary tool for financially distressed U.S. and foreign companies to efficiently restructure their balance sheets and business operations. Successful Chapter 11 cases have allowed prominent financially distressed companies to reorganize or pursue going […]
What’s the Value of a Professional Designation?
Written By: Rod Wheeland, CCE What’s the value of a professional designation? The NACM program has several designations – CBA, CBF, and CCE – which are broadly recognized in the financial world as indications of professional excellence and contemporary knowledge of credit operation strategies and trends for the future. These designations are based on a […]