Pay when get paid

Discussion in 'Managing Projects and Business Issues' started by Marc LeClair, Oct 31, 2010.

  1. Marc LeClair

    Marc LeClair Frequent Poster

    We had a nice relationship with a company for many years as a sub and knew their people like they were family. They were struggling with a little cash flow so we entered into a pay when we they got paid agreement, but we were able to monitor it so we knew that we weren't getting taken.

    They got taken, however, and we never saw over $24,000 dollars. Thank goodness we had only done a couple of sites - otherwise we might have gone under just like they eventually did.

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