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07-11-2006, 12:00 PM
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#1
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Pro
Trade:
Painting Contractor
Join Date: May 2006
Location: Indiana
Posts: 239
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I've got a problem that's never happened before
I've typically done two or three small commerical jobs every year to pad my income and sort of "make my year". This year my first commercial job was a small one, $6000.00, but the profit margin was extremely high on this job because material was light.
I'm having a hard time getting paid off this job. We finished the job May 15 and I faxed them a bill that same week for the entire balance. Today is July 11th and still no dice. I called them last week and they told me that yeah they planned on paying me but only when they got their money from the job first. I think this is bad business, if you're GC should always make sure you've got the money in your business checking account to cover the subs on the job. I've done lot's of commercial jobs during the last five years and have never had a GC tell me this. Anyone ever have this problem?
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07-11-2006, 03:50 PM
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#2
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Pro
Trade:
paint
Join Date: Feb 2005
Location: Lebanon, CT.
Posts: 181
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Once. But we ammended our contract requiring pay in 10 days. I do know that working some large jobs that some co. do have to wait 90 days to a half year for pay. I worked for a large co. that did churches and state capitols and the like, and they would have to wait long periods. But they would draw off accounts from other projects and also worked with banks on payroll, but these are the million dollar jobs that go on for years.
I would suggest in the future to have something in your contract on when payment is due. I also ask for money up front.
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07-11-2006, 04:12 PM
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#3
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MODERATOR
Trade:
Paperhanger/Painter
Join Date: Oct 2003
Location: St. Louis, MO
Posts: 6,404
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What are the payment terms in your contract?
If you have none, your at the mercy of the CG.
If you do have some, make the Gc adhere to them, IE put a lien on the property, or send an amended invoice with late fees, etc.
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07-11-2006, 05:03 PM
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#4
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Chief Toilet Mover
Trade:
Bathroom Remodeling
Join Date: Apr 2004
Location: Littleton, Colorado
Posts: 12,344
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If you just want your money and don't care about working for them again, give them one last notice warning payment in full required in 10 days, if they don't pay then take them to small claims. Almost everybody that gets that court notice in the mail strokes a check at that point.
__________________
bathroom remodeling - Denver, Lakewood, Littleton, Arvada, Westminster, Centennial, Highlands Ranch, Lone Tree, Englewood Colorado.
Quote:
Originally Posted by Ahren
Citibank BK Jan 2010, Dow 3000 Q1 2010,FAZ is about to go through the roof, stagflation, hyper-inflation, Jan 2010 $2.00 C puts
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07-11-2006, 06:01 PM
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#5
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Pro Painter
Trade:
Painting Contractor
Join Date: Apr 2005
Posts: 2,313
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This is definitely a contract issue. Were your terms clear as to when payments are due and what fees would be assessed should a payment be late? If so, that would be your next course of action to submit a new invoice with late fees added.
__________________
-AAPaint
AA Quality Painting & Pressure Washing LLC
Jacksonville Painters
Jacksonville, FL.
Quote:
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“Knowledge will forever govern ignorance; and a people who mean to be their own governors must arm themselves with the power which knowledge gives.” -James Madison
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07-11-2006, 06:58 PM
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#6
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Dream Maker
Trade:
residential construction
Join Date: Jun 2006
Location: Beulah, Michigan
Posts: 293
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some commercial is net 90, some net 30. the net 90's can be a drag if you really need the money. like the other fellows said, check the contract. etc.
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