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Electrician Talk Forum
payment terms 30,60,90 days etc
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<blockquote data-quote="green-hornet" data-source="post: 77617" data-attributes="member: 2683"><p>I am VAT registered and most of my invoices are based on 30 days.</p><p></p><p>Most companies I deal with are 30 days.</p><p></p><p>However you have to really assess the type of work you are doing and the type of client you are working for.</p><p></p><p>In the domestic market is is often wise to get at least a deposit to cover materials and labour for first fix, and then amount due on completion.</p><p></p><p>I am on a large job at the moment where the overall amount has been split into regular interim payments, otherwise the job would almost bankrupt me before completion, and certainly would bankrupt me if the client took time to pay or refused to pay.</p></blockquote><p></p>
[QUOTE="green-hornet, post: 77617, member: 2683"] I am VAT registered and most of my invoices are based on 30 days. Most companies I deal with are 30 days. However you have to really assess the type of work you are doing and the type of client you are working for. In the domestic market is is often wise to get at least a deposit to cover materials and labour for first fix, and then amount due on completion. I am on a large job at the moment where the overall amount has been split into regular interim payments, otherwise the job would almost bankrupt me before completion, and certainly would bankrupt me if the client took time to pay or refused to pay. [/QUOTE]
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payment terms 30,60,90 days etc
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