Looking Ahead
Help gain information on your customers. As a member, their information could help build the database on your customers as well not just a one- way street. more Info
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As of May 10 - The Mechanic's Lien Recovery Funds Rules Dramatically Changed
Who Stole My Marbled Rye?
by Douglas Darrington, CCE, Altaview Concrete
Here's the typical scenario. You supply concrete to a residence where the homeowner has hired a finisher to replace his driveway. The finisher fails to pay you and you file a mechanic's lien against the property. The homeowner goes to the lien recovery fund and obtains a Certificate of Compliance which forces you to release your lien thus providing relief for the homeowner. You are left holding the bag and trying to collect from the finisher. You do your due-diligence as required by the fund rules and file for relief with the fund and you are paid. Everybody is happy and the fund has done what it was intended to do. View full article
Robinson Patman Act & Extended Credit Terms
by Nina Flurer, CCE, H & E Equipment
All credit managers should be aware that violation of federal antitrust laws carry both civil and criminal penalties.
Many companies are unaware of their responsibilities under the Robinson-Patman Act, or choose to ignore the law. All credit managers should be aware that violation of federal antitrust laws carry both civil and criminal penalties. One of the antitrust laws that particularly applies to the Credit Manager is the Robinson-Patman Act of 1936. So, what is the Robinson-Patman Act, and how do we comply with it? View full article
Fraud Alert!
by D'Ann Johnson, CBF, Roofers Supply
If you think American Express Travelers checks are fool proof, our company just went through the following situation:
A few weeks ago one of our accounting people brought a bank notice into my office with a puzzled look on her face. "We received this notice from the bank in the mail today, but I don't understand. It says it's Altered or Fictitious. What does that mean? It's an American Express Travelers check! They're good all over, right?" View full article
Last Gasp Before Winter
Highlights from the Fall Member Outing
The NACM Fall Member Outing received it's name from a contest to "Name That Event" Winner of the contest was Shane Inglesby, CCE, Geneva Rock Products. 2nd place in went to Dan Simpson of Wrigth Express for the name "Fall Festivus". The event held on Friday, September 24, 2010 at Eaglewood Golf Course. |