Thursday, April 30, 2020

Do we have a credit limit with you? Answering some policy wording for big projects services industry.

Hi Laura,

Thank you for your enquiry and would advise as follows.

Our policy is not to set dollar value credit limits on our clients but to consider each business proposition or project on its merits, taking account of past business volumes.

All we require is that our progress claim invoices are settled according to the payment terms agreed when accepted the order. As you know AJW Interiors have completed several jobs with All Worx Electrical in the last few years.

The above said, there was situation recently where AJW Interiors did chase your office for payment, but we did so only because payment was past-due.

Because AJW Interiors have been involved with building and construction industry for many years we understand the factors that can impact short term cash flows.

Kind regards,
John

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