Low quality low cost
Join Date: Jun 2012
Location: Every city
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60-90 days is pretty standard. If you aren't solvent this may not be the right industry for you.
We just completed a roof, siding, and drywall job. Sold it 45 days ago and got half down. That half covered Materials and labor. We had to wait 45 days for our profit.
We did a trash out and massive yard clean up direct for a bank out of Cincinnati total was around 11k. We had dump fees, labor, rental equipment, all that to pay up front that was in may. I'm still waiting on payment. It will come but just because it's a direct client doesn't necessarily mean quick pay.
In many businesses net 60-90 is common. I know Walmart, GE, General Motors, and several other companies stretch their contractor out to 120 days all the time.