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I've never seen terms like that from any contracting agency I've worked through. Right now I'm invoicing every 2 weeks, and they pay within 2 weeks. Actually, it usually takes no more than 6 work days for them to cut the check - that 'within 2 weeks' includes time for delivery.
Net plus 30 may be good terms if you have a big enough cushion that you can keep the bills paid and buy food and ever-increasing gas while you wait. But if you can't afford to wait that long, you can't afford to. Try renegotiating while you continue to hunt for work elsewhere.
From: Trish Robertson <trish -dot- robertson -at- comcast -dot- net>
Subject: Payment Delay in 1099 Employment Contract
To: "TECHWR-L" <techwr-l -at- lists -dot- techwr-l -dot- com>
Date: Tuesday, April 19, 2011, 8:14 AM
Hi,
I just received a contract for a six- to eight-week gig on a 1099 that states these payment terms: "$X per hour billed bi-weekly and payable net 30 days." I am very uncomfortable with that delay. Not only do I need money sooner than six weeks, but, potentially, I could complete my contract before seeing any money--and who knows whether they will pay.
Previously, when working on a 1099, I was payed within two days.
I believe that in Massachusetts, permanent employees must be paid bi-weekly, but are there any rules governing the timeliness of payment to consultants/contractors?
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