NACM Hosts First MLBS Lien Seminar

Greg Powelson, President of NACM’s Mechanic’s Lien & Bond Services (MLBS), recently delivered a seminar entitled “Building the Optimal Construction Credit Department,” at NACM’s headquarters in Columbia, MD. Powelson focused on the complex idiosyncrasies of construction credit and offered attendees tips to create a construction credit department that reduces the company’s risk and sells more than its competitors.

In his presentation, Powelson discussed the ways in which certain legal requirements change from state to state and the best methods for maintaining up to date information on each state’s ever evolving construction credit environments. He also offered tips on effective credit administration, collection efforts and the many ways that construction creditors can more thoroughly secure their investments.

Powelson’s presentation was a hit with attendees. “The seminar was fantastic,” said Cathy Curtosi, Corporate Credit Manager for Fabral, Inc. “I am not new to credit with 30 years plus of experience, but I am fairly new to the architectural side of the business and was unclear on the whole idea of liens and bonds and what is required where. Greg did an excellent job explaining [each] in detail.”

“The presentation kept my attention and was loaded with lots of useful information,” Curtosi added.

For more information on MLBS and other resources for construction credit professionals, click on the MLBS tab at www.nacm.org.