Joseph Ferrante , Ferrante-Coberling Construction, on risk of not being paid in full


“I’ve been in construction business since I was a kid. My father ran a contracting business and I’m running one now. No matter how careful we are in picking our customers, there are always some of them that try to not pay last invoice. In each proposal we have to build-in amount for unpaid invoices. Depending on the job, but it’s between 5-15%. Aside from financial hit there is also an emotional toll of not being paid for our hard work. Our work is not easy and all of our guys are honest hard working people. When owner decides not to pay, and knowing that our options are limited, it is humiliating for all of us.”

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