We're having a devil of a time being paid timely by general contractors. Things seem to have gotten demonstrably worse in the last few years and I wonder if it has to do with the interest rate environment. We'll have customers 90 days past due on a pay application who say they haven't have funds released by the bank. But I have a sneaking suspicion, they're not even requesting funds be released from the bank until we start to complain about late payment. Moreover, some use this excuse when there's not even a pay-when-paid clause in our contract.
Any specialty contractors who act as subs seeing an increase in this kind of behavior? Can any GC's confirm they're getting directives from on high to engage is these shady practices? Most importantly, does anyone have any advice on how to get paid more timely?
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Adrian Merry
Director of Information
Rainier Asphalt & Concrete
North Bend WA
(206) 849-9082
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