Can You Afford To Work For Free?

Before you bid your next job consider what would happen to you and your company if you didn't get paid. What if the project never gets finished? What if the owner's promised financing falls through? These are all things you should consider before you accept the job. There are many ways to make sure that even if no one else gets paid, you still will. You should check with a title company to see who has security interests on the property. You should document the day you first begin working or when you first supplied materials to the project. You should be sure that you have a straight-forward contract that makes your rights and responsibilities clear. With a little planning and effort before you begin, you can dramatically reduce the risk that your work will remain unpaid.