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Some of my contracts have been Net 15 with a discount if paid then (2%), but
most are Net 30, with a percentage charged if late, up to 10%. I put that in
my contract, as others have described. And I don't turn over a final product
until the bill is paid in full. The one time that I did not hold to my "paid
in full" rule before delivery (for a "friend"), I was paid *18 months*
later.
I think there has been some excellent advice in the forum on this topic.
Take what you like and leave the rest. :-)
PT
On Tue, Apr 19, 2011 at 8:33 AM, Bill Swallow <techcommdood -at- gmail -dot- com>wrote:
> Counter the contract? Are they willing to talk and at least strike the
> Net 30 for "upon receipt"? I've gone two routes with regard to
> contracts.
>
> 1) X per hour billed weekly, due upon receipt. This gave me a regular pay
> check.
> 2) Lump billing (for very concrete jobs) with a 50% retainer up front
> prior to starting the work, payable Net 30.
>
> On Tue, Apr 19, 2011 at 8:14 AM, Trish Robertson
> <trish -dot- robertson -at- comcast -dot- net> wrote:
> > Hi,
> >
> > I just received a contract for a six- to eight-week gig on a 1099 that
> states these payment terms: "$X per hour billed bi-weekly and payable net 30
> days." I am very uncomfortable with that delay. Not only do I need money
> sooner than six weeks, but, potentially, I could complete my contract
> before seeing any money--and who knows whether they will pay.
> >
> > Previously, when working on a 1099, I was payed within two days.
> >
> > I believe that in Massachusetts, permanent employees must be paid
> bi-weekly, but are there any rules governing the timeliness of payment to
> consultants/contractors?
> >
> > Does anyone have any insight about this issue?
> >
> > Thanks, Trish
>
> --
> Bill Swallow
>
> Twitter: @techcommdood
> Blog: http://techcommdood.com
> LinkedIn: http://www.linkedin.com/in/techcommdood
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