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Credit Workthiness

By Pauline Lally posted 08-17-2015 10:13

  
We are an HVAC/Fire Protection contractor.  I was wondering what you all use to do credit checks on new clients?  We've used Dun & Bradstreet in the past and I thought they were pricey.  Any suggestions would be appreciate.
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Steven Schertz
05-18-2016 08:56

We stopped sing D&B since most sub-contractors in our region do not report their results. We did have some success with liens and judgments. Instead, we use AIA A 305 form, as modified which when used properly will help you obtain much more information including the companies financial information.

Frank Cinatl
09-23-2015 08:27

I think D&B is probably the best tool, but they are pricey. We use Experian which gives us the most of the information we are looking for at 50 - 60% of the cost of D&B. Originally, I thought D&B would find a way to be more price competitive, but they seem to be sticking to their guns, so we continue to stay with Experian.