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Businesses suffering from significant Late Payment delays

UK debt collections

Businesses in the manufacturing industry are made to wait the longest to receive payments for goods and services. The research analysed data from the Department for Business and Trade to show how late payments affect UK businesses. Businesses in this sector receive payments after around 47 days.

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Jimerson Birr Welcomes Experienced Litigator, Curtis Campbell, to its Esteemed Legal Team

Jimerson Firm

With a strong background in catastrophic commercial litigation, construction disputes and class action litigation, Campbell brings a wealth of experience to the firms growing business litigation practice. Jacksonville, FL – Jimerson Birr is pleased to announce the addition of Attorney, Curtis Campbell, to the firms growing roster.

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Jessica S. Mazariego Joins Jimerson Birr, Strengthening Firm’s Complex Commercial and Real Estate Litigation Practice

Jimerson Firm

Known for her strategic advocacy and collaborative client partnerships, Mazariego specializes in business and real estate disputes, including breach of contract, fraud, trade secrets, and manufacturing and distribution matters. “We are excited to welcome Jessica to Jimerson Birr as we continue to expand our reach across Florida. .”

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Construction Shop Drawing Review and Approval – Who Owns the Risk?

Jimerson Firm

Shop drawings play a vital role in construction projects. Comprehensive construction contracts may define shop drawings to include diagrams, illustrations, schedules, and other data or information that are prepared or assembled by or for the contractor to illustrate some portion of a parties’ scope of work.

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Industries with the Best and Worst Recovery Rates

Nexa Collect

Construction. Manufacturing. Plumbing, Heating, Air. Engineering. Interior Design. Travel Agent. Distribution. Medical / Athena. Publishing. Credit Unions. Retail/Consumer Misc. Pest Control. Auto Supply & Repair. Restoration Companies. Commercial. Veterinarian. Advertising. Drug Store. Medical Supplies. Rentals, Equip, etc.

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New Data says outstanding invoices reach shocking levels

UK debt collections

Sector 1-30 days late 31-60 days late 61-90 days late 90+ days late Office & Facilities Management 6% 3% 2% 66% Security, Compliance & Identity 9% 4% 0% 60% Finance, Insurance & Banking 16% 5% 4% 44% Back office, Operations & Productivity 16% 6% 4% 40% Cloud, Network & IT Infrastructure 16% 3% 4% 36% Human Resources 19% 6% 3% 33% (..)

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Five Key Provisions Construction Material Suppliers Should Include in Customer Credit Agreements

Jimerson Firm

Material suppliers in the construction industry will often need to extend credit to their contractor and subcontractor customers due to the payment cycle on construction projects that can often run 30 days, 60 days or even longer. Termination The credit agreement should address the term of the agreement, and how it can be terminated.