Discussion in 'General Discussion' started by mgbman, Dec 5, 2019.
Get it done ... so who will you vote for next Thursday?
Big business’s don’t like .............. and unfortunately or not they will run the country . My vote won’t change anything . Since when didn’t the media run the country .
A few brickies were on site today and I asked if the day off was a Christmas present. It seems not. The story is the developer and contractor had a big meeting but the reason is under wraps for now.
I said as long as the contractor pays them for work done and they said pay was made 2 months in arrears, so work done today would be paid in February 2020 if all goes well.
Is this harsh payment scheme normal in the industry?
This makes sense.
Pends what terms you agree to . I had my own terms and conditions on the reverse of my invoices ,which a lot of subcontractors don’t do , hence string along payment . Our solicitor said we won’t go the 30 days malarkey or penalty clause route and in my years I only ever had one who tried it on and went bust moving there funds to a sister company but our solicitor was too fast he went for the sister company and we were one of the only subcontractors that got their money . Two weeks was our terms as per a lot of the big boys like BT , Shell UK , gov etc etc . And interest on unpaid invoices after 30 days . It worked for us .
This late payment malarkey must hurt and I reckon that's why the East Europeans all left. They come over here to work and send money to their families so need prompt payment for work done. I wonder if the materials suppliers have to wait 2 months.
Yes, they probably do.
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