This episode is a re-run. It was originally published in August 2024.

Getting paid late is not a client problem. It’s a systems problem.

If your payment terms are loose and your follow-up is weak, you’re training your client to pay you last.

In this episode, we walk through how to set shorter terms, follow up like a pro, and make timely payments the norm, not the exception.

Listen up.

Struggling with unfair contracts or slow payments in construction? With 6,000+ contracts reviewed and $20 billion in contracts managed, Quantum Contracts' proven framework is designed to help you negotiate fair contracts, secure faster payments, avoid disputes, and improve cash flow.

Don’t let contract issues hold you back—gain the confidence to focus on growing your business. Ready to take control and make more profit per project?

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Timestamps:

(1:31) - Setting clear payment terms is crucial

(2:12) - Be clear and specific, state when the invoices will be sent, when payments are due, and the penalties for late payments

(3:40) - Training your clients to pay on time is an ongoing process

(4:04) - Delayed payments can threaten your business’ survival

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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Get Paid On-Time Every Time: Essential Tips for Construction Subcontractors [#ThrowbackThursday] | Ep. 412

Construction Secrets