We NEVER get paid late using this approach, in 8 years of doing business. Admittedly we are not doing software development but the principle works as long as you can get a warranty defined in your terms that does not commit you to doing free feature work rather than bug fixes. Shoud be do-able.
I typically say when a feature is released to testing/customer acceptance, I'm done the spirit of what I was approved to work on, and the work is both billable in full at that point, and the warranty clock of 30 days starts.
Comments
Warranty is valid only if invoice paid on time.
This is a great idea.
We NEVER get paid late using this approach, in 8 years of doing business. Admittedly we are not doing software development but the principle works as long as you can get a warranty defined in your terms that does not commit you to doing free feature work rather than bug fixes. Shoud be do-able.
I typically say when a feature is released to testing/customer acceptance, I'm done the spirit of what I was approved to work on, and the work is both billable in full at that point, and the warranty clock of 30 days starts.