The Bigger the co. the worst the payment policys, and the more subs in the tree the later the payments.
We have many national accounts which have a you get paid when we get paid policy or when we really need another job completed.
We also have a client related in with JCI which is a billion dollar co. which pays in 45 days no matter what, by the time the company we sub for gets the payments its 90+ days.
They Require a 30% upfront discount to contract with them and usually a 90 to 120 day payment terms. others have said it took 6 months for payments
With a very low overhead it works for us. But what about the large employee overhead companys I can only imagine the financial outlay to take on this work.
We have had payments extend to almost a year for payments .
But the nice thing is we make premium scale in the process.
usually double the industry average. You have to know what your into to play the game.
I have many friends in this industry who went broke after chasing the accountants around with out getting paid any sooner .
Good Contracts
Good Terms
Good knowledge of what to expect in the process
Also WATCH OUT FOR systems integrator companys who want ( non competes) for all companys to give you a few bytes of work , Recently turned down a non compete which would negate our ability to work for a ton of larger major players.
and then not really great pay to complete thier work.