In my world.....Electrical contracting......it depends on the size/scope of the job. Often, we progress bill, usually weekly. If it is a new customer, I often get materials up front, or a portion of them. Something that is special order is paid on order also (like $50,000.00 worth of switchgear) the supplier will want a downpayment, so I do also.
A $5K or less job, we may float the whole job and bill on completion, that is only a few days anyhow.....but much more than that and I will not go on the hook!
Just as a contractor may not pay for materials and the owner then has to......a owner often will not pay the contractor for his work also!
What I see above is a contractor bash session.....there are two sides to the road my friends!!!
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Today's Featured Article - Harvestin Hay: The Early Years (Part 2) - by Pat Browning. The summer of 1950 was the start of a new era in farming for our family. I was thirteen, and Kathy (my oldest sister) was seven. At this age, I believed tractor farming was the only way, hot stuff -- and given a chance I probably would have used the tractor, Dad's first, a 1936 Model "A" John Deere, to go bring in the cows! And I think Dad was ready for some automation too. And so it was that we acquired a good, used J. I. Case, wire tie hay baler. In addition to a person to drive th
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