Originally posted by Lance
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Very late payments on no formal contract
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Thank you for the advice and opinions. It's made me clearer on my position going forward.
Tomorrow I have a call with the Director of my client where they said they'd update me on their plans to resolve payments and get me working again. I'll bring up his business plan and ask about their long term financing plan.
If I'm unsatisfied with the responses I'll start dunning.Comment
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Originally posted by itconsultantuk View PostThank you for the advice and opinions. It's made me clearer on my position going forward.
Tomorrow I have a call with the Director of my client where they said they'd update me on their plans to resolve payments and get me working again. I'll bring up his business plan and ask about their long term financing plan.
If I'm unsatisfied with the responses I'll start dunning.Comment
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I received an email from my client who believes he's resolved the issue with the public sector which should unlock funding.
He's also told me he's arranged some kind of financing with the bank and that should allow him to pay something. It worries me that this wasn't already set up. How did he expect to pay any contractors on time without some kind of available cash?
He's not been clear with me about amounts or such.
I want to email him, after some sleep, asking what he is paying and when.
I still need to decide if I want to continue working together after payment. As we have very few terms in our agreement, I'm not sure how much I owe him in terms of notice.
Thoughts?Comment
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Originally posted by itconsultantuk View PostI received an email from my client who believes he's resolved the issue with the public sector which should unlock funding.
He's also told me he's arranged some kind of financing with the bank and that should allow him to pay something. It worries me that this wasn't already set up. How did he expect to pay any contractors on time without some kind of available cash?
He's not been clear with me about amounts or such.
I want to email him, after some sleep, asking what he is paying and when.
I still need to decide if I want to continue working together after payment. As we have very few terms in our agreement, I'm not sure how much I owe him in terms of notice.
Thoughts?See You Next TuesdayComment
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If the end client is now making the payments and your client pays off his debt, then it's good to go. I would ask that he pay you more frequently though, eg weekly. The financing from the bank should allow this and give you more confidence.I'm alright JackComment
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Debt collectors
At this stage, I reckon you should consider some formal process in collecting payment, maybe hint at possible legal action or even using the services of a debt recovery agency?Comment
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Originally posted by Adrian467 View PostAt this stage, I reckon you should consider some formal process in collecting payment, maybe hint at possible legal action or even using the services of a debt recovery agency?
Sent from my iPhone using Contractor UK ForumComment
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Originally posted by itconsultantuk View PostI received an email from my client who believes he's resolved the issue with the public sector which should unlock funding.
He's also told me he's arranged some kind of financing with the bank and that should allow him to pay something. It worries me that this wasn't already set up. How did he expect to pay any contractors on time without some kind of available cash?
He's not been clear with me about amounts or such.
I want to email him, after some sleep, asking what he is paying and when.
I still need to decide if I want to continue working together after payment. As we have very few terms in our agreement, I'm not sure how much I owe him in terms of notice.
Thoughts?
I want to email him, after some sleep, asking what he is paying and when. - You want to send him a letter by registered post setting a final deadline for payment, now that you understand he has "secured" funding.
As we have very few terms in our agreement, I'm not sure how much I owe him in terms of notice. - If no terms are stated none. But even so, he is in breach of contract.Comment
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Originally posted by clearedforlanding View Post
As we have very few terms in our agreement, I'm not sure how much I owe him in terms of notice. - If no terms are stated none. But even so, he is in breach of contract.
An agreement to purchase, delivery of the agreed goods/services, and an invoice are all that is needed to be legally binding and owed. In the absence of a contract common law is still valid(IANAL).See You Next TuesdayComment
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