Payment terms

[oraclesmith]

Hi Tony,

The 30 days payment terms aren't unusual. They're standard if you're going direct, so I guess the agent isn't getting paid much more often either. I mentioned this on another thread.

Personally I would have gone for weekly invoicing though. Credit cards (especially zero percent ones as someone has already said) will delay the day of reckoning. I wouldn't bank on the agent paying on time though - maybe more like 40-45 days if you include processing and clearing, especially if they only do one payment run a week. You could always ask the bank for an arrangment on your business account, especially as you have already got a contract and presumably some invoices as evidence of future income.

 

[Andyw]

Ditch the contract and go and get a proper job in the Public Sector !

 

[Pondlife]

the trouble with Pondlife is they seem to spend most of their time occupying stagnent water !

Stagnant

FFS

 

[Andyw]

Exactly !

 

[hyperD]

At least you wrote "tide you over" instead of "tie you over". Which was nice.

 

[BoredBloke]

Sorted

Sorted

Just spoke to the agent. I'm going to bill at the end of the week, to be paid next week, and from then on monthly with a 7 day payment. Eventually it will revert to their 28 days, but not for a couple of months.