)They can afford to pay there sub's in 2 week's.But whats in it for them? People have to work bottom line.So your going to work for them. By being 30 out they have plenty of time to do your paper work and not have office people on overtime to get out the checks.If they payed in a week or 2 and waited for the MSO to pay them they would lose interest on that money.Bottom line things are tight all over boy's and girls!
The Fix..........Factor.
If you work for the prime(A good one) you can factor your invoices and get 70, 80,or even 90% of your money in 3 day's or less directly deposited into your bank account.No hassle no checks to cash easy as pie.
The factoring company gives you a refund when the Prime pay's the factoring company.Depending on which factoring company you use,it cost's 4 to 6% if the prime pay's in 30 day's.If the prime or MSO goes belly up you may not see your refund but you did get some of your money and the factoring company goes after these people at their own expense.
So end of problem.
You may say 4 to 6% BS I am not paying that to get my money.
Then wait 30 day's and complain on the Bar.
It was my Fix to the problem and now the next few weeks I am working on making some money for X-Mas instead of waiting for that invioce to be paid that I made last month.
> Yeah, the prime takes all the risks and all the cash, like John Rigas and his family......there is no good answer to this particular item I don't think.
>
> > The problem is too many chiefs and no indians.
> > Everybody wants to be a prime. Fact is, less than half of these wannabees actually has the financial backing they should have to be a prime in the first place.
> > Champagne taste and beer pockets. Everyone should leave the Prime Contracting to the big hitters who could afford to front several hundred thousand dollars. That is what they are making money for. They take the responsibility and make a nice profit from it. A sub should get paid when his work is completed, not when the prime gets paid. If you can't understand that then answer this question. What the hell gives you the right to make 40-60% from all work performed by the subs? Answer: YOU TAKE THE RISKS!
> >
> > > Fact is the MSO is 30 day's or more out.Do you have any Idea what the interest is on a $100000 is a day? MSO's Do!
> > > These primes are are not fronting the money like they used to. They are making the subs wait till they get paid.How many people ate in the Adelphia thing.
> > > Corporate scandals my friends.You can thank people like Adelphia and Enron to name a few.
> > > Do you really think you will get paid if the company goes belly up.They prime doesn't want to be out 30 or more day's of billing with the way things are.
> > >
> > >
> > > > TIMES ARE TOUGH NOW ,VERY TOUGH . IT JUST BURNS MY ASS THOUGH TO SEE SOME SO CALLED PRIME OR WANNABE PRIME POST AN ADD ON THE BAR WITH LITTLE OR NO INFO. ABOUT THE JOB, GIVE OUT A B.S. TELEPHONE # OR IF YOU DO GET THROUGH ON A # OR EMAIL NO ONE TAKES THE TIME OR HAS THE CONSIDERATION TO REPLY.I DONT KNOW HOW YOU FEEL ABOUT THIS, BUT WHEN A MAN OR WOMAN IS SERIOUSLY LOOKING FOR A JOB .... HE OR SHE DOES NOT HAVE TIME OR MONEY TO WASTE ON THIS CRAP.FURTHERMORE ...WHAT THE HELL IS UP WITH 30-45 DAYS OUT ON PAY? ALL CONTRACTORS(SUBS)ARE NOT PIECE-OF-CRAP ASSHOLES WHO LIVE IN THEIR BUCKET TRUCK OR HAVE NO HOME OR FAMILIES TO SUPPORT.IF YOU MIGHT THINK YOU ARE A PRIME, THEN CONSIDER ACTING LIKE ONE .HOLD BACK 2WKS PAY, TAKE 10% RETAINAGE TO PROTECT YOUR INTEREST, AND CONSIDER HAVING SOMEONE GET OFF THEIR ASS AND IN THE FIELD TO QC THE WORK .IF YOUVE GOT A HACK ON THE JOB THEY ARE EASY TO SPOT.BASICALLY, YOU GET WHAT YOU PAY FOR AND HOW YOU PAY FOR IT.THINK ABOUT IT ... FUEL,HOTEL,FOOD,ETC....FOR 30-45 DAYS PLACING COMPLETE TRUST IN YOUR HONESTY AND INTEGRITY AS A PRIME TO PAY US AFTER THIS LONG . ITS CRAZY . IT SHOULD NOT MATTER HOW FAR OUT A PRIME IS PAID BY THE MSO TO BE THE BASIS ON HOW , IF , OR WHEN YOU PAY A SUB. THATS WHY YOU MAKE YOUR MONEY OFF OF SUBS OR A FEW IN HOUSE WORKERS.IF YOU WANT TO BE A PRIME THEN ACT THE PART OR GET OUT OF THE PICTURE AND BE A LOWLY SUB AND MAKE SOMEONE ELSE A PAYCHECK.THIS IS JUST MY OPINION .CABLE HAS TO GET BETTER.
