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Dealing with Net 30 #4910658
02/13/15 02:02 AM
02/13/15 02:02 AM
Joined: Jul 2012
Posts: 188
California
T
Throw Back Offline OP
trapper
Throw Back  Offline OP
trapper
T

Joined: Jul 2012
Posts: 188
California
I got a call today from waste management about a skunk living under the office building. I tell the guy options but i need to visit the site and I would charge a service fee.

I arrive and he gets some information for corporate and informs me that they are a Net 45 (meaning cant pay for 45 days) company, and that he has to get coroporate to approve the removal as necessary. He doesnt need a bid, if they approve it he pays what he has too. I will be paid for the service fee regardless. I just feel frustrated already by the 45 delay. I am new and this could be a big job, 1-2K kind of job that may turn into more. I just dont see it fair though. I dont even know if I get materials up front.

Is it legal to charge a fee for net 30? I obviously can charge more just for paper work time and having to deal with corporate, as well as the hazard of working in the environment. I just dont see how companies see it fair to do that, I cant drop a load off at their dump and tell them I will pay later, or swing buy recycling and pick up money and say I will bring in cans later.

How do you guys deal with these type of jobs?

Re: Dealing with Net 30 [Re: Throw Back] #4910683
02/13/15 03:18 AM
02/13/15 03:18 AM
Joined: Dec 2006
Posts: 8,426
NWWA/AZ
Vinke Offline
trapper
Vinke  Offline
trapper

Joined: Dec 2006
Posts: 8,426
NWWA/AZ
I would not because you will be on their list of of qualified venders.........


Slightly used Shoes 4 sale……………
Re: Dealing with Net 30 [Re: Throw Back] #4910704
02/13/15 04:46 AM
02/13/15 04:46 AM
Joined: Aug 2009
Posts: 6
UK
T
Talpa Offline
trapper
Talpa  Offline
trapper
T

Joined: Aug 2009
Posts: 6
UK
I agree with Vinke,when you start doing work they can then use you again and often high profile clients can be used as a marketing/ name dropping lever to get into other businesses. Doing big jobs or multiple jobs is much more efficient than chasing acrooss the country doing several small domestic jobs.
It is not uncommon over here to be 90 days for the big National/International companies and it can be hassle doing all the admin, completing supplier questionaires, providing insurances, qualification certificates, Risk assessments and method statements etc but the payback if you have done your homework and looked at the potential work from the client is worth it even if you only convert a % of the clients you pitch to.
If you get a good relationship with your site contact you may be able to invoice for fixed costs of materials etc as soon as you get an order and submit a second invoice for variable costs on completion of works if you word them so not to alarm corporate finance dept, then you get a better cashflow.

Re: Dealing with Net 30 [Re: Throw Back] #4910762
02/13/15 08:03 AM
02/13/15 08:03 AM
Joined: Jan 2013
Posts: 32
OH
Eric Arnold Offline
trapper
Eric Arnold  Offline
trapper

Joined: Jan 2013
Posts: 32
OH
Welcome to the world of commercial accounts.

Be thankful he even told you their terms up front as most of the time you won't find out that they are Net 45 until you submit your final bill. Other issues you can encounter are special training to access a facility, insurance requirements, mandatory meetings, job site access time frames, job interference (I don't care what so and so said, you can't put that trap here), and special qualifications (OSHA 10, aerial lift license, etc.). You can always dictate to them that they need to pay a percent for materials, but be ready to shell out 100% of the materials cost yourself (especially on projects under $10,000).

It isn't illegal to tell someone they won't pay now and for most corporate clients you have to realize that they have a protocol to go through with multiple departments to authorize a release of funds and usually cannot pay at the end of service. This payment fiasco is a major reason why I no longer charge inspection fees for commercial accounts and just include it on the back end. On the positive side, once you get in you're now an authorized vendor so you may get quite a bit more work from them without having to lift a finger.

Of course, you can always refuse to accept the job.


Eric Arnold
Publishing Editor W.C.T. Magazine
Editor The Fur Taker Magazine
Re: Dealing with Net 30 [Re: Throw Back] #4910810
02/13/15 08:44 AM
02/13/15 08:44 AM
Joined: Nov 2009
Posts: 6
Luray,VA
M
Mike Hurley Offline
trapper
Mike Hurley  Offline
trapper
M

Joined: Nov 2009
Posts: 6
Luray,VA
I have 25% of my business is either corporate or property management companies and all are on at least a net 30, most on a 60 and a couple on a 90!
Its just part of it, the good part as you get busier, you will soon forget about the money they owe you, and when it goes come in, it will be like Christmas morning! But I hate it too!

Re: Dealing with Net 30 [Re: Throw Back] #4910983
02/13/15 11:12 AM
02/13/15 11:12 AM
Joined: Jul 2008
Posts: 1,361
mequon, wisconsin
P
Paul Winkelmann Offline
trapper
Paul Winkelmann  Offline
trapper
P

Joined: Jul 2008
Posts: 1,361
mequon, wisconsin
I agree with Mike. We operate under the "net, before you die" principle. We have also worked for Waste Management and they are one of

the world's largest companies. Never the less, they hire local people so it's like working with your neighbors. And it's nice knowing

that the check will never bounce no matter how late it is.

Re: Dealing with Net 30 [Re: Throw Back] #4911075
02/13/15 12:58 PM
02/13/15 12:58 PM
Joined: Jul 2012
Posts: 188
California
T
Throw Back Offline OP
trapper
Throw Back  Offline OP
trapper
T

Joined: Jul 2012
Posts: 188
California
I guess I will take it and hope for the best. It could go somewhere big, I hope.

Re: Dealing with Net 30 [Re: Throw Back] #4911943
02/13/15 09:41 PM
02/13/15 09:41 PM
Joined: Jul 2012
Posts: 188
California
T
Throw Back Offline OP
trapper
Throw Back  Offline OP
trapper
T

Joined: Jul 2012
Posts: 188
California
Set up a trapping contract and he wants to look at the exclusions. I am going to give it a shot, I hope its a good thing

Re: Dealing with Net 30 [Re: Throw Back] #4912155
02/14/15 12:01 AM
02/14/15 12:01 AM
Joined: Dec 2006
Posts: 8,426
NWWA/AZ
Vinke Offline
trapper
Vinke  Offline
trapper

Joined: Dec 2006
Posts: 8,426
NWWA/AZ
I will float ya an 12%,,,,,,,,,,,, smile


Slightly used Shoes 4 sale……………
Re: Dealing with Net 30 [Re: Throw Back] #4912419
02/14/15 08:26 AM
02/14/15 08:26 AM
Joined: Nov 2009
Posts: 6
Luray,VA
M
Mike Hurley Offline
trapper
Mike Hurley  Offline
trapper
M

Joined: Nov 2009
Posts: 6
Luray,VA
ill float ya at 10% and throw in a set of kitchen knives (a 19.95 Value)
Good thinkin Vinke!

Re: Dealing with Net 30 [Re: Throw Back] #4912600
02/14/15 11:00 AM
02/14/15 11:00 AM
Joined: Jul 2008
Posts: 1,361
mequon, wisconsin
P
Paul Winkelmann Offline
trapper
Paul Winkelmann  Offline
trapper
P

Joined: Jul 2008
Posts: 1,361
mequon, wisconsin
Hey, don't sell those knives short. Our set came with a beautiful wooden block!

Re: Dealing with Net 30 [Re: Throw Back] #4912729
02/14/15 12:20 PM
02/14/15 12:20 PM
Joined: Jul 2012
Posts: 188
California
T
Throw Back Offline OP
trapper
Throw Back  Offline OP
trapper
T

Joined: Jul 2012
Posts: 188
California
Quite the offers, too bad I have become a,knife snob

Re: Dealing with Net 30 [Re: Throw Back] #4925911
02/21/15 01:06 PM
02/21/15 01:06 PM
Joined: Jul 2012
Posts: 188
California
T
Throw Back Offline OP
trapper
Throw Back  Offline OP
trapper
T

Joined: Jul 2012
Posts: 188
California
Just an update, I took the job. I trapped for 4 days and was getting quite frustrated, never takes me long to bag a skunk. They had seen it a time or two during the day.

Well, it turns out on day 2, someone saw it and killed it with a rock, and didnt report it, even though I told the current supervisor tell me even if the find it dead, that its all in the service. The manager wasnt the happiest when he got back from his business trip.

But, he seems happy with me and I go back soon to give his supervisors a presentation.

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