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Invoice payment terms..
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Author:  wannabeeahack [ Wed Jun 28, 2017 9:03 am ]
Post subject:  Invoice payment terms..

Can a CUSTOMER decide after 9 years of using you decide they will change payment terms even though none were agreed at the start of the supply of vehicles?

When i did my CPC i was told if no terms are agreed beforehand its the SUPPLIERS terms that take precedence

Author:  Sussex [ Wed Jun 28, 2017 5:29 pm ]
Post subject:  Re: Invoice payment terms..

wannabeeahack wrote:
Can a CUSTOMER decide after 9 years of using you decide they will change payment terms even though none were agreed at the start of the supply of vehicles?

When i did my CPC i was told if no terms are agreed beforehand its the SUPPLIERS terms that take precedence

I think you are about right, but a change of terms needs to be agreed by both parties.

Author:  grandad [ Thu Jun 29, 2017 8:23 am ]
Post subject:  Re: Invoice payment terms..

Sussex wrote:
wannabeeahack wrote:
Can a CUSTOMER decide after 9 years of using you decide they will change payment terms even though none were agreed at the start of the supply of vehicles?

When i did my CPC i was told if no terms are agreed beforehand its the SUPPLIERS terms that take precedence

I think you are about right, but a change of terms needs to be agreed by both parties.

It depends on how much you want the work. You can either accept the terms or refuse the terms and lose the job.
Years ago when I worked in engineering most terms were 90 days meaning if you did a job on January 1st you would send the invoice on the 31st and get paid on 30th April. So in effect it could be as much as 120 days. We had it happen a couple of times when company's went tits up owing money for 4 months.

Author:  wannabeeahack [ Thu Jun 29, 2017 1:02 pm ]
Post subject:  Re: Invoice payment terms..

grandad wrote:
Sussex wrote:
wannabeeahack wrote:
Can a CUSTOMER decide after 9 years of using you decide they will change payment terms even though none were agreed at the start of the supply of vehicles?

When i did my CPC i was told if no terms are agreed beforehand its the SUPPLIERS terms that take precedence

I think you are about right, but a change of terms needs to be agreed by both parties.

It depends on how much you want the work. You can either accept the terms or refuse the terms and lose the job.
Years ago when I worked in engineering most terms were 90 days meaning if you did a job on January 1st you would send the invoice on the 31st and get paid on 30th April. So in effect it could be as much as 120 days. We had it happen a couple of times when company's went tits up owing money for 4 months.


I just skimmed by Helmanns (parcels) who went tits up on a xmas eve as vans were out multidropping expecting cheques in for Octobers work at £150/day with Nov/Dec not due for 2 months.... hard enough on the OD/1 van but some had 4 or 5 in there with fuel and drivers already paid

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