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Most agencies have "float" that they pay their employees or
subcontractors from, and are not merely passing over their own monthly
invoice payments. Remember, when you work through an agency, either
as a W2 or a 1099, you are making your financial deal with the agency
and not the client.
I've only contracted through one agency in 20 year, all my other
contracting being direct 1099 to the client, and my experience has
been the smaller the company the faster they make payments, usually
because the AP person who cut my checks was right down the hall from
the Marketing or Engineering person who was my client. I also suspect
that the small startups where everyone was working partly on options
were more motivated by the fast-payment discount on my invoices. :)
Gene Kim-Eng
On Tue, Apr 19, 2011 at 11:06 AM, Keith Hood <klhra -at- yahoo -dot- com> wrote:
> I've never seen terms like that from any contracting agency I've worked through. Right now I'm invoicing every 2 weeks, and they pay within 2 weeks. Actually, it usually takes no more than 6 work days for them to cut the check - that 'within 2 weeks' includes time for delivery.
>
> Net plus 30 may be good terms if you have a big enough cushion that you can keep the bills paid and buy food and ever-increasing gas while you wait. But if you can't afford to wait that long, you can't afford to. Try renegotiating while you continue to hunt for work elsewhere.
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