Deposits

[josharb87]

The uk market baffles me at times, companies needing cash up front for relatively small expenses, subbies wanting paid first even though they may be shite, sounds a bit like I’d imagine the deprived areas in America to be! 
 

Here, it’s generally the rule that private individuals get 10 days to pay, companies 30, so even if you’ve got poor cash flow, you should be paid by the customer before needing to pay for hired in services 

[Mike Hill]

One job I was about £25k in the red from hire expenses, I told the crane hire and transport place who the customer was beforehand so they could see they were solid and that their bill would likely be over due before they would be paid.

 

They were fine with it. 

 

If I had to pay that £25k out before the saws were started the job never would have gotten done.

 

From a hand held drill to a 200ton crane or 500 tonn crane on a ferry I have never been asked for a deposit.