Friday, August 5, 2011

Recession depression - Vendors

The vendors are adapting to the times and changing their payment policies I know that most of the vendors I deal with have gotten a lot stricter about how long they will let you go without paying. Most of them do not wait a full 30 days before they are calling and questioning your payments arrival. After 30 days, if you haven't paid your bill they will likely put a freeze on your account. So if you are dealing with a contractor or subcontractor that doesn't have an account with the local building supply store, paint store, electrical supplier or plumbing supplier, you should question why. Another good way to guage the stability of the company or person you are choosing to work with.