I have always required that payment for my services be rendered before I leave the jobsite. Recentely I have been givin the opportunity to service a large company. When we discussed payment, I was told that invoices were sent in and vendors were paid within 30 days. I am leary of this, but don't want to jeopardize a potentially huge client by demanding things right off the bat. The company has been around since the 60's and everything checks out. Any advice or experience on similar situations would be appreciated.

That is the way it works. It is nice to be paid on the spot  (CASH FLOW) It is also nice to have (RECIVABLES) WHEN THEY PAY 30,60, OR 90 DAYS. As long as everyone does what they say they are going to do there will be no problems. 

I am surprise that you can get paid every time, usual the contractor is now where to be found when I get done pumping. About 60% of my jobs are credit been burned once ($1500). I do have an advantage as I am the only dance in town.

Agree just set yourself a ceiling, as they get the credit they get to your limit like 5000 then they pay, 5000 was just a small limit but whatever you can afford.If they pay good set it higher next month, shows trust, and they will see a smart operator.Business man. Get a good hound dog to collect if it goes sideways.

so find out if billing is at the end of the month or the 25th and have your bill in a couple of days or send bill for every pump job, then they will know who you are mr. cod.

most companys understand the 10th of the month but some are waiting for thier check and will get to you days later.

iam on the 15th to the 20th program and my payment is due at the end of the month and it gets mailed five days out, my payment goes for the next month in advance so it takes all the timing issues out of the problem and all i have to be conserned with is the smaller operating costs.

most places will require a certifacate of insurance which is fine if some one is paying you a living but i get the one timers and or the desperate for service telling me the payment rules my policy is that i worked by the hour and if they want me to sell them insurance that the deal is in writing along with the volume of work and so i can charge accordingly.

If you pour a job on Monday, the latest you should send the invoice is Tuesday. The invoice should be written so as to make your customer understand your terms.

I would suggest that you ask a large pumper in your area for a copy of his ticket as well as his invoice. You DID the work; don't be bashful about asking for YOUR $$$

Any way you cut it......... untill you recieve the $$$ they are people that owe you money. After they pay you they are customers.

Give them the agreed amount of time to pay, then...if they don't pay, show up with a jack hammer and take some concrete junks for payment, or drive off with their backhoe or other piece of equipment....and hold it in lieu of payment....lol

I hate slow or no payments....

OTHER THAN OWNER-BUILDERS I DONT SEE PAYMENT AT END OF JOB. THE OUTFITS THAT WILL GIVE YOU THE MOST VOLUME OF WORK TAKE THE LONGEST TO PAY.. HATE THAT BUT IF THATS THE BALLPARK YOU WANT TO PLAY IN THATS USUALY THE PARK RULES.  MY MAIN CUSTOMER POSTS INVOICES ONCE A MONTH (AROUND 25TH) SAME TIME THEY BILL FOR THE JOBS, AND PAY ABOUT 25 DAYS LATTER (WHEN THEY GET PAID). THIS IS JUST ONE MORE OBSTACLE TO GROWING YOUR BUSINESS.