EC's are the scumbags of the contracting world..We were reviewing past due and late payers, all are EC's
Oh that is the excuse, we haven't been paid yet.That is because the GC's owe us money..
It is called the snowball effect.. :whistling2::laughing:
Time to fire that GC.I was told by a builder over the summer it doesnt matter how much they owe me as long as they pay me within their terms. I said well what are your terms. He tells me 30 days. I tell him that all the invoices are at least 60 days some were up to 8 months. He then tells me i need to go get a loan or find a lender to keep his jobs going that hes not my cash flow.
He fired me sincei quit bending over for him and then says hes using what he owes me to have other company finish and fix my horrible wiring jobChris1971 said:Time to fire that GC.
Im owed 24,500ish.bobelectric said:YTD I'm owed $601.22 ,Which I don't expect to see.
We were advised to note %fees on all invoicings ~CS~Whe you guys bill these guys do you charge monthly intrest and if so do they pay it. Im owed about another 5g in late fees throughout the year
Well?It's time to get a lawyer for two reasons...
Exactly. You can't generalize. Terms are established before you agree to do the work. Depending on the billing cycle, we have guys who may take up to sixty days to pay but we know that up front. As long as the customer lives up to the payment terms, we have nothing to complain about.I think the point here is it is not Ec's or GC's it is people and if they think they can get away with something they will. Some do not pay on time because they are pinched for money others do it as a habit because they are pr*cks.
Well?
Come on now, share the reasons.![]()
Exactly. You can't generalize. Terms are established before you agree to do the work. Depending on the billing cycle, we have guys who may take up to sixty days to pay but we know that up front. As long as the customer lives up to the payment terms, we have nothing to complain about.
It sounds like some don't work with a contract, it also sounds like some don'tIt's time to get a lawyer for two reasons...
More often than not, it'll show up in their credit report. Assuming of course one runs a credit report.I think the point here is it is not Ec's or GC's it is people and if they think they can get away with something they will.
More often than not, it'll show up in their credit report. Assuming of course one runs a credit report.Some do not pay on time because they are pinched for money others do it as a habit because they are pr*cks.