This episode is a re-run. It was originally published in October 2022.

Don't let payment terms be a puzzle! Learn the strategies to mastering construction payment terms and elevate your financial game in the construction industry. Listen up!

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Timestamps:

(2:52) - Understand that the concept of how can we increase the client's cashflow [is] by negotiating better things into the contract

(4:02) - There's a difference between a payment application and an invoice. They're not the same things

(6:43) - We're looking at the whole length of the process. That's what we need to count

(8:24) - Longer payment terms means lower cashflow for them

(9:27) - We've got to remember that we want to apply interest onto late payments

DISCLAIMER: The content of this podcast does not constitute legal advice, is not intended to be a substitute for legal advice, and can not be relied upon as such. You should seek legal advice or other professional advice in relation to any matters you or your business may have.

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How To Master Construction Payment Terms [#ThrowbackThursday] | Ep. 258

Construction Secrets