Hi.
I have a client that I have been rather suspicious with from the start.
Typically my end client is a Fortune500 company and in this case it's a consultancy doing a project for a Fortune500 company.
Due to this relative lack of credibility, I negotiated 7 days payment terms. Today is 7 days from my first invoice.
In the morning, I have sent a gentle reminder to the accountant, PM and CEO.
They have acknowledged receiving the invoice last week, I also have deliverables (piece of software) hosted on my server.
How soon should I get more aggressive about the payment?
I imagine that on Friday afternoon, in the middle of the summer, someone might have missed the impending deadline, so I will definitely wait until Monday, but other than trying to get in touch with them, how soon should I start chasing this through other means (a letter from my solicitor, Small Claims Court etc)?
At the moment, the project & development is ongoing, but I think it's rather reasonable that I cut my losses early if they can't even pay the 1st invoice on time?
I have a client that I have been rather suspicious with from the start.
Typically my end client is a Fortune500 company and in this case it's a consultancy doing a project for a Fortune500 company.
Due to this relative lack of credibility, I negotiated 7 days payment terms. Today is 7 days from my first invoice.
In the morning, I have sent a gentle reminder to the accountant, PM and CEO.
They have acknowledged receiving the invoice last week, I also have deliverables (piece of software) hosted on my server.
How soon should I get more aggressive about the payment?
I imagine that on Friday afternoon, in the middle of the summer, someone might have missed the impending deadline, so I will definitely wait until Monday, but other than trying to get in touch with them, how soon should I start chasing this through other means (a letter from my solicitor, Small Claims Court etc)?
At the moment, the project & development is ongoing, but I think it's rather reasonable that I cut my losses early if they can't even pay the 1st invoice on time?
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