Collecting lien releases can seem like more trouble than it’s worth.
- Line releases protect you and your clients
- Provide proof of payment
- Helps to avoid costly battles
- Gives you client peace of mind
- Create a process for collecting lien releases
- Collect releases on all project related invoices
- If it’s coded to cost of goods or a job, don’t enter into accounting without the release
- Collect them from suppliers and subcontractors
- Add the lien release collection to your current invoicing process
- Collect releases on all project related invoices
- Use systems to make the process easier
- Create a checklist for invoices that includes lien releases
- Create invoice templates that include lien release language and make vendors use them
- Use Waiver Exchange