Curious if most of you are doing the "industry standard" 50% upfront, 50% billed on completion 30 days net.
I'm finding that because of change orders it usually ends up being more like a 40/60 split (hard to collect deposits on change orders in the heat of deadlines), and inevitably once everything is delivered our leverage is gone so 30 days becomes, 60 days becomes 90 days... and it causes stress and cash flow headaches.
Was thinking of moving to 50% upfront and final payment due after final approval prior to delivery, or else maybe 50%, 25% before delivery with only the last 25% being net 30.
Also curious if any of you are using Zen Cash or collection agencies etc. to get payments.
Curious to hear your thoughts basically just trying to find ways to spend less time chasing after payments to focus more time on actually getting and doing the work.