Friday, June 27, 2008

Cash Flow For Contractors

Contractors, subcontractors, and material suppliers should start thinking very hard as to what their cash flow might be after July 1, of this year. If a budget is not approved by the legislature by that time and some emergency measures employed, many of you may not be paid even though you may have completed your work.

There are many legal issues involved in such a matter. However, if emergency measures are not put in place by our government, there could very well be many people or companies who will not get paid timely, only because of our inept Legislature.

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