Originally posted by TestMangler
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Working with a client who's not paid suppliers in the past
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Originally posted by northernladuk View PostYou feel like you'd be letting her down if you backed out now? Wait until she doesn't pay you. Maybe she screws suppliers over because they feel bad about letting her down rather than using common and business sense...
Careful now, soon you'll be telling the OP to take the gig and get ready to bail on her client as soon as even the whiff of a rate increase blows by! In the name of common business sense and fiduciary duty, of course!
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Originally posted by SaraDigital View PostThanks.
Not an IPSE member, but have been looking at Standard membership. Had a quick look again, and can see IPSE+ would be better if I ran into problems with this client.
The project would start with me doing 2 full days of work, before settling into a few hours a month. As you suggest, weekly invoicing sounds more reasonable for those few hours, but bit concerned I'd do the 2 days work and not see the money.Comment
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Another way that I was investigating with a poorly paying client earlier this year was to be a card merchant and to charge the clientco's corporate credit card following an approved timesheet & expenses. That way you would be paid that day or the following day depending on when the transaction is made. This is common in certain industries (namely in the creative sector) at least here in the US to pay suppliers and contractors this way. Be aware that card companies will charge a merchant fee (2-3%) for each transaction which I would have included in the daily rate.Last edited by redgiant; 8 September 2017, 22:54.Comment
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Originally posted by ladymuck View PostThe amount of credit you should extend is the amount you're willing to lose.
Shorter payment terms, upfront payment (% or full) or Escrow are your options.Comment
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