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Payment of commercial invoice

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  • 17-10-2008 12:12pm
    #1
    Slimbo
    Registered Users Posts: 125 ✭✭


    Hi All,

    Can someone tell me what my rights are in relation to recieving a final invoice for contruction work carried out on a commercial premises.

    I heard it was 6-weeks from the date of invoice, is this correct?

    Slimbo


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    #2
    Nody
    Moderators, Category Moderators, Arts Moderators, Business & Finance Moderators, Entertainment Moderators, Society & Culture Moderators Posts: 18,316 CMod ✭✭✭✭Nody


    Incorrect, it is what ever was agreed when negotiating the contract. If you did not negotiate anything it is what ever terms the charging company decides to be, be that one day or one year.


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    #3
    patpark121
    Registered Users Posts: 161 ✭✭patpark121


    As Nody has stated it is whatever terms were negotiated at start. If no payment terms were quoted it is generally regarded as 30 days standard or immediate if overdue. Most commercial invoices carry terms & can range from 30 - 90 days for payment. As its construction you can assume the terms are ASAP.


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    #4
    EKRIUQ
    Registered Users Posts: 4,386 ✭✭✭EKRIUQ


    Don't worry I'm sure they'll start ringing when they consider it due but most give a grace of 30 days and then maybe post date a couple of cheques just to get a little bit extra.


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