Lumbermen's Credit Bureau has been providing credit reports since 1915 and is widely considered to be the most up to date and factual source for construction and project credit information. The construction credit report presents the credit grantor with meaningful and comprehensive credit information including, 2 year banking history, 2 year payment habit record, government record of incorporation details, 5 year legal history, tax assessment information, financial records, affiliations and principals. Products and Services Available: Construction Credit Reports - View Sample - Order On-line Credit Assessment Program (CAP) Account Monitoring Credit Window Construction Project Reports/Domestic and U.S. - Order On-line Industry Credit Group Meetings Weekly Lien and Litigation Bulletin Property Title Search Legal Name Verification - Order On-line Construction Credit Reports A Construction Credit Report should be ordered under the following circumstances: Considering a new account for credit When there is a delay in a construction project Payment patterns change with an existing account If a new customer is looking for an increase in credit limit If there is a material change in risk as a result of acquisition, merger or change in management When credit exposure is significant, credit review should be considered regularly Every Construction Credit Report contains: Legal Entity Name verification in Government Record Detail including date of incorporation, start date, line of business, and form of business (i.e., corporation, sole proprietorship) Corporation background detailing any ownership changes, historical data and any other customized investigations as requested by the credit grantor Principal(s) of the organization are listed indicating their current position and any other or previous positions held. This enables the reader to identify principals that may have previously been associated with bankrupt companies Affiliated concerns, start date, and record of legal actions are indicated History of projects, including value and participation to provide the reader with size and scope of the organization Unique to Lumbermen's is a current banking report including a two-year banking history reflecting any changes, positive or negative, in the financial health of the subject company. This includes NSF history, changes in line of credit and current account balances Trade and supplier references are submitted daily and monthly for an accurate and objective view of a company's payment habits. Each month, the outstanding balances owed to each supplier are itemized and aged by current, thirty, sixty, and ninety days plus periods Other sources are contacted for additional payment habit, including other financial institutions, leasing companies and additional trades Lumbermen's maintains a five year record of legal items obtained from banking, third party agencies, and government records. These item include returned cheques, statements of claim, liens, third party collections and court orders Back to Top Credit Assessment Program (CAP) In today’s often volatile business climate, making well informed credit decisions is crucial to the growth and profitability of your business. A single credit report or financial statement can only provide a glimpse into a customer’s complete credit profile and the need to perform due diligence on high value accounts (generally over $50,000) can put a strain on resources, impede productivity and keep revenue off the books. The Credit Assessment Program (CAP) is a highly customized, comprehensive and investigative program specifically designed to monitor customers with whom you have medium to high risk and/or financial exposure. Available exclusively online, subscribers have access to multiple sources of credit and financial data for their entire receivables portfolio. Updated as required, CAP allows you to make decisions that will maximize revenue on low risk accounts and limit further exposure on high risk accounts. The Credit Assessment Program provides: Legal Name Verification Address and contact information Incorporation details and company origin Related concerns, affiliates and divisions Overview of market, brands/products, mergers and acquisitions Credit rating and credit analyst recommendations SIC Code and description Link to customer website Principals, Directors and Officers Current and historical financial statements Experian and other credit agency reports News and Press Releases SEC Filings and legal information Back to Top Account Monitoring Members submitting their aged trial balance can subscribe to the Account Monitoring Program. This cost effective and proactive program will provide you with a fully automated tool to protect your assets and mitigate risk. Using our online reporting system, members can identify specific customers to monitor from their list of outstanding receivables. Should we receive any updates to the banking information, legal name, trade references, payment habits or items of record for any of these customers, you will be notified. Notification frequency can be set “as it happens” or at predetermined intervals (weekly, monthly, etc.). You can add or remove customers from your list as often as necessary depending on the status of their account. Back to Top Credit Window The Credit Window provides unlimited access to comprehensive summaries of credit information for an annual flat fee. For instances of bidding, small dollar balances and file updates, the Credit Window can deliver the information you need immediately and inexpensively. Unlike other credit information delivered on CD-ROM, our clients have access to up-to-the-minute information in real time. As a collection tool, the Credit Window will provide you with the ability to better assess a customer’s financial position prior to making a phone call to review their account or request payment. It can also help you make quick, but well-informed decisions on whether or not to extend further credit to a customer. You can search the entire database by company name, address, city, province, postal code, subject number or any combination of these parameters. The Credit Window reports: Number of suppliers reporting aged receivables for subject Total amount of aged receivables owed to suppliers Amount of aged receivables past due Number of negative items reported (liens, statements of claim, collection claims or NSF cheques) Total value ($) of negative items reported Affiliated concerns or companies with a common principal Presence of legal action against any affiliated concerns Back to Top Construction Project Reports A Construction Project Report compiles all of the legal and trade related information associated with a specific construction project throughout its duration. From initial bid to Certificate of Substantial Performance, this report will help you monitor project participants’ progress and payments, assess your level of risk and consider which collection strategies and facilities are available to you. Only Lumbermen’s Credit Bureau can provide reports this detailed and comprehensive for construction projects right across North America. Each Construction Project Report contains: Municipal address, legal description of the property and ownership information Complete history of lien filings and releases with registration numbers Value of the project and construction financing information Progress reports, start date and scheduled completion date Payment certifier, draw date schedule and incidents of non-payment or slow payment Performance bonds, Labour and Material Payment bonds, bond values, registration numbers and underwriting surety company including bond numbers and bond amounts Contact information, Principals, Directors and incorporation data for holding companies and identification of any relationship with General Contractor List of Architects, Engineers, Project Managers, General Contractors, Sub-contractors and major suppliers with addresses and phone numbers Comments section detailing any issue that may affect timely completion, draw payments or funding and any other information collected on your behalf. Back to Top Industry Group Meetings The Industry Credit Group provides an opportunity for Credit Managers to meet with other credit professionals who share a common customer base or marketplace. There is no substitute for the accurate, frank and up-to-date payment information shared in an Industry Group Meeting. Benefits of attending an Industry Group Meeting: Ability to monitor credit worthiness of existing customers, especially for companies with large customer bases Gather information on the latest industry trends, technological advances, and other related topics from other credit professionals Confidential setting Property Title Search A title search will confirm legal owner, details of purchase, and current mortgages and encumbrances on a specified property (land). It may also include details of property taxes. Back to Top Weekly Bulletin The Lumbermen's Weekly Bulletin is the most up-to-date record of legal claims available! Targeted to the building materials industry, the Bulletin is a cost effective and time saving method of monitoring performance on existing customers and companies prior to doing bid work Actions included in the Bulletin: Liens Filed, Released, and Discharged Statements of Claim Third Party Collection Claims Returned Cheques Company Ownership Changes Company Name Changes Mergers/Acquisitions Company Dissolution Receiving Orders and Bankruptcies Delivered by fax, e-mail and mail, the Bulletin is the most widely read publication by credit professionals, business owners, and construction professionals. Back to Top Legal Name Verification The first step in investigating any credit decision is to pin point exactly who you are dealing with, whether it is a sole proprietorship, partnership, or a corporation. It is imperative that the correct legal entity is identified. To initiate any legal action, the legal entity must be known, as you cannot sue under a trade style. We will confirm the correct legal name and style of a corporation, as well as the incorporation date and number. We also list all registered business names (sole proprietorship, partnerships, trade names etc.), providing the registration date and the business identification number. Back to Top Privacy Policy Back to Top