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Why it’s time to mandate 30-day payments

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Comments

  1. I agree with the sentiment and the way some of these companies were run needs further investigation.

    But I believe the issue is deeper routed, the whole process has to change from the client down. Payments terms, honest margins and a more open process so everyone has visibility of where the issues are.

    Too few clients make their payments on time and we are then expected to fund their work.

    Yes there are avenues open to us but who in all reality will go down that route when payment that is 7 days late.

    Things have to change in this industry to protect businesses but let’s make it industry wide basis so clients, professional teams, principal contractors, whatever the size down to the smalllest subcontractor are guided and protected.

  2. i seem to remember that some form of legislation was put in place a long time ago on payment issues. something else swept under the carpet.

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