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Implement Tiered "Early-Pay" and Late-Fee Terms
Motivate contractors to prioritize your invoices by offering a 1% to 2% discount if paid within 10 days.
Conversely, strictly enforce a transparent, automated late fee on accounts that cross the 30-day threshold.
Large construction companies frequently delay vendor payments to manage their own cash flow unless a clear financial penalty exists.
Implementing these dual incentives rewards prompt payers while protecting your margins against chronic late payers.























