Payment Terms Builders

[MW Smith Ceramics]

Hello fellow fixers!.......

So just interested to hear back on this one......what sort of payment terms do you work on with your existing builders and would a new builder be any different you hadn't worked for in the past??.......good to get some advice from all you pros out there

Cheers

Mark

 

[Andy Allen]

I would want it on completion.
If not ...minimum of 7 days.
But be warned most take the pxss and you will be lucky to see it this century !!

 

[MW Smith Ceramics]

I'm exactly the same as that now Andy, upon completion or 7 days now or I don't bother.....- ( gotta keep that cash flow going )

 

[MW Smith Ceramics]

I'm the same with the smaller builders too, if they expect me to wait then until they get paid then I don't bother.....if they don't have the funds upfront then that worries me........

And for that reason Andy I'm afraid to say.....'IM OUT!'

 

[One Day]

i wont work for builders - period.
if they want to recommend me to their client then it's materials cost in advance from the client and a signed quotation before starting work.

 

[MW Smith Ceramics]

Mmmmm, a signed quotations a good idea if ever you had problem with payment or anything else......are clients always happy to pay for material upfront as I've never done that ??......

 

[Flintstone]

I work for a couple of builders who pay up straight away but I have had bad builders, waited 6 weeks to get paid from one once. One made me wait 4 weeks then made up some rubbish to knock me a few quid. Some are total arse holes, some are ok. Probably best to talk about the money situation before doing the first job. It normally works on trust for me.

 

[Italy]

ooo weeks ???
then you lucky !!!
me talking months or years ...
not anymore, I select.
still have a builder who pays me one once a year.
(Small amounts).
but I always doubling the total.
him happy, I happy (is crazy)

 

[Andy Allen]

I have a few "trusted" builders that pay within a few days.
TBH any new builders get interrogated MI5 style. ...anything sounds the slightest bit iffy. ..then they can find someone else.

 

[MW Smith Ceramics]

Y

I have a few "trusted" builders that pay within a few days.
TBH any new builders get interrogated MI5 style. ...anything sounds the slightest bit iffy. ..then they can find someone else.

yes this is the issue , I'm meeting a new builder on Monday they got a couple of big jobs coming up but yes I'm going M16 on them.....you just don't know who your dealing with, there are so many crooks in this game

 

[MW Smith Ceramics]

ooo weeks ???
then you lucky !!!
me talking months or years ...
not anymore, I select.
still have a builder who pays me one once a year.
(Small amounts).
but I always doubling the total.
him happy, I happy (is crazy)

Months!....years Antonio!....oh man !....no way I'd be pulling my hair out!....( well what's left of it anyway! ).......Antonio that sounds crazy, you must have a few bob put away to wait that long!!!

 

[Ian]

7 days is on all my invoices. I'm fortunate that 90% of my work is for the same 3 contacts so payment issues are quite a rarity for me.

 

[Italy]

I have a few "trusted" builders that pay within a few days.
TBH any new builders get interrogated MI5 style. ...anything sounds the slightest bit iffy. ..then they can find someone else.

Months!....years Antonio!....oh man !....no way I'd be pulling my hair out!....( well what's left of it anyway! ).......Antonio that sounds crazy, you must have a few bob put away to wait that long!!!

in fact, it eliminated almost everyone ...
I think I'm tiler. no bank

 

[Flintstone]

I've been shafted before for around £1700 from a kitchen/bathroom outfit. They got paid, shut shop and did one!

 

[peteablard]

I only work for 4 builders and one of those gets us to invoice the client direct. They've kept me busy for about 3 years now so I'm very fortunate that I don't have to take risks with new ones. Been there, done that and have been shafted for a lot of money in the past. I trust the ones I work for now 100% and nearly always get paid within 7-10 days.