I was recently getting quotes for a replacement boiler. Keenest quote wanted 50% up front to "book the job" and balance AFTER removing old system and BEFORE install of new. I eventually paid 100% on completion to another outfit for a similar price. I think their normal USP was 9 months to pay on credit. As it was on behalf of our village hall, their credit didn't work.
I always take 50-60% upfront. All depends on how big is the job. The money goes into purchasing materials, my overheads.
Recently I worked on site and have overheard a plumber complaining that the builder he’s working for has asked to supply and install a combi boiler without the payment upfront. He kindly refused to do so on the grounds that the builder is known for having chronic Cashflow problems and is always late to pay his tradesmen.
Why is it expected that trades men have to fund the project, or loose sleep worrying if they will get paid once the job is complete.
Naturally you get a feeling for a potential client, but there are plenty of those who put on a mask that is very difficult to see trough who’s truly behind it.
Small time builders etc. We do not have credit accounts with our suppliers. Or at least in my case try not to. A true cashflow is what important in my opinion.
Last edited:

