Shawn G.
New member
We use net 10 days with 1 1/2% penalty for commercial, and 50% down/balance on completion for residential work.
Have not had a problem yet, but we're starting to do some bids for condo associations and developers. Have heard that historically, these are toughest to collect. Do we go with net 10 on these also? Would help the cash flow if we used a percentage down and terms for the balance.
Any thoughts?
Have not had a problem yet, but we're starting to do some bids for condo associations and developers. Have heard that historically, these are toughest to collect. Do we go with net 10 on these also? Would help the cash flow if we used a percentage down and terms for the balance.
Any thoughts?