what do you guys suggest if you had a big job on i,e 2-3 weeks work , i uaually finish my jobs in 2 days and get paid after each job but if the job took 3 weeks how would you go about getin paid would you arrange it to be split in to 3 and get paid every week or what , or would you wait 3 weeks for pay?!!!
reciving pay
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warriorupnorth
Private Member
Do what ever you feel comfortable with mate, but i learnt a long time ago it is alway's better in your pocket than theirs and safer ,you never know whats around the corner , even the most trustworthy people can have problems beyond their control, which can lead to not receiving payment, so my advice would be to take weekly payments, that way you risk losing a weeks pay rather than three, but sometime you do have to bite the bullet with contractors and accept thirty days, a fact of life i'm afraid (unless you don't want the work)
To cut it short 'Get it while you can'
To cut it short 'Get it while you can'
Danny
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I would probably split the job in to phases phase 1 phase 2 phase 3
I wouldnt expect to be paid until the job is finished so I would make 3 jobs out of the one that way if they dont pay up the first week you know they wont pay up where as after 3 weeks if they dont pay thats a big hit!!
Just my advice... I am doing the phase method after xmas on a biggish job.
Hope that gives you some ideas
Danny
I wouldnt expect to be paid until the job is finished so I would make 3 jobs out of the one that way if they dont pay up the first week you know they wont pay up where as after 3 weeks if they dont pay thats a big hit!!
Just my advice... I am doing the phase method after xmas on a biggish job.
Hope that gives you some ideas
Danny
warriorupnorth
Private Member
Also if not in receipt of gross payment status you will be liable for tax at 30% without UTR or just under 20% with varifacation on your labour only , so make sure you add at least 15% to your materials when invoicinig and this will reduce the liabalitys' at source on labour
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spunkybum
Guest
if youre supplying the kit you could ask for a payment once materials are supplied on site to cover costs
TonyM
Private Member
So don't you guys have monthly accounts with local merchants for your materials? You'd get better prices than buying from B&Q etc. I get all my materials from 2 local suppliers. All deliveries are free, and if I ring at 7.30 am, it's on site that morning. Even if it's only one bag or a few beads. With regards payment for work, I generally invoice per house or couple of flats, depending what i'm working on.
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MrSpoon85
Guest
why on earth will you have to wait till march for your money ???Pogo said:Interim payments on a 2 week job
I left a job half done before Christmas, It'll take another week and a half to finish in January and I should get paid in March :-\
MrSpoon85 said:why on earth will you have to wait till march for your money ???Pogo said:Interim payments on a 2 week job
I left a job half done before Christmas, It'll take another week and a half to finish in January and I should get paid in March :-\
All the builders I work for pay at the end of the month after they receive the invoice, this usually gets held up somewhere so it gets to me from the middle to the end of the next month. So, work invoiced for January gets paid at the end of February which will actually be 19-25th March.
I know a few who like to hold their hand out for paying before they go home and couldn't work like that, but when you're in the system you're still getting paid every month, obviously private jobs are different.
warriorupnorth
Private Member
I try and avoid extended payment structures any more if i can help it ( invoice then 30 days from end of month)
its just not wort the risk , Did a large extension with swimming pool and snooker room for a local builder at the beginning of last credit crunch, 5 weeks before xmas and things were very tight but we started the job under usual terms, then got wind the builder was going under, so pulled all the lads off site, builder turned up promised me no problems at all and gave me a chq for a couple grand, and after loads back slappin on his behalf we carried on , two days before completion he whent bust , this was the week before xmas and all the lads were expecting to get payed, stopped work again, and then the house owner offerd to pay if we completed, so we completed ,invoiced house owner for the £17.000 and he refused to pay saying he could not because my contract was with the builder, so had to pay all the lad,s the materials on accounts and it left me with a very merry xmas, and this was for a builder who we had a great rappore with, there are a few contractors who i have 30 day aggreemants with at present, but its rarely above a couple of grand and if it does they Jobs are split into stages and invoiced per completed stage.
My point is it is inevitable you will get stung one more than one occassion, but try to limit any damage by agreeing weekly payment or staged payments, it does not matter how well you know them or how good a reputation they have they still could be strugglin to pay and this can put in serious jeopordy, so don't be afraid to ask for payments upfront or at stages wherever possible, if they have nothing to hide or worry about then they will agree your terms and not theirs.
Suppose we could all go on writing for pages about the pro's and con's but i am sure you will be able to extract the advice that you kneed from this and previous postings.
Regards Paul
P.S if not then get a job in the civil service , much safer
its just not wort the risk , Did a large extension with swimming pool and snooker room for a local builder at the beginning of last credit crunch, 5 weeks before xmas and things were very tight but we started the job under usual terms, then got wind the builder was going under, so pulled all the lads off site, builder turned up promised me no problems at all and gave me a chq for a couple grand, and after loads back slappin on his behalf we carried on , two days before completion he whent bust , this was the week before xmas and all the lads were expecting to get payed, stopped work again, and then the house owner offerd to pay if we completed, so we completed ,invoiced house owner for the £17.000 and he refused to pay saying he could not because my contract was with the builder, so had to pay all the lad,s the materials on accounts and it left me with a very merry xmas, and this was for a builder who we had a great rappore with, there are a few contractors who i have 30 day aggreemants with at present, but its rarely above a couple of grand and if it does they Jobs are split into stages and invoiced per completed stage.
My point is it is inevitable you will get stung one more than one occassion, but try to limit any damage by agreeing weekly payment or staged payments, it does not matter how well you know them or how good a reputation they have they still could be strugglin to pay and this can put in serious jeopordy, so don't be afraid to ask for payments upfront or at stages wherever possible, if they have nothing to hide or worry about then they will agree your terms and not theirs.
Suppose we could all go on writing for pages about the pro's and con's but i am sure you will be able to extract the advice that you kneed from this and previous postings.
Regards Paul
P.S if not then get a job in the civil service , much safer
S
spunkybum
Guest
you should add this as a sticky dfanny ....top post mate and it happens to loads of people
M
MrSpoon85
Guest
ah right got ya, i thought you meant you was just doing a job for a random mrs jones and she had just simply promised to pay you in march 
was gonna say that better be in writing!
I've only ever worked for a big building firm once and i hated having to invoice and wait for what seemed like an ice age to recieve payment, i suppose once the first payment arrives the next ones will flow nicely (all being well)
was gonna say that better be in writing!I've only ever worked for a big building firm once and i hated having to invoice and wait for what seemed like an ice age to recieve payment, i suppose once the first payment arrives the next ones will flow nicely (all being well)
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