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Old 05-22-2008, 08:39 AM
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Default Do you offer discounts?

I have been thinking about giving discounts if a vendor pays early. Only like a 5% discount.

What are your thoughts and do you offer any type of discount for contractors who pay early?
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Old 05-22-2008, 01:08 PM
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The only discount I give is cash on the spot!
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Old 05-28-2008, 06:45 AM
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Cash always talks my friend!
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Old 05-28-2008, 08:37 AM
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I am primarily a general contractor and land developer. Migrated to this forum after recently purchasing that new bobcat crusher attachment.

Anyway....I don't find many of my subs offering discounts, although my concrete contractor has started to offer an 8% discount if paid within 10 days or less. I think he gets a pretty hefty discount if he pays his material bill early so he has some incentive to get us to pay him quickly.


Sam
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Old 05-28-2008, 11:12 AM
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We just bought a concrete construction company and they offer discounts for that very reason. LaFarge gives us a discount so we can pass it through. We are still evaluating whether it makes sense or not. Here is a quick read on the math behind it.

http://www.crfonline.org/surveys/qui...discounts1.pdf
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Old 05-30-2008, 05:58 PM
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what is the name of your new concrete company
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Old 06-02-2008, 08:08 AM
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Great read Nuke, Thanks for sharing.
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Old 08-15-2008, 01:22 PM
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Default discount

I am primarily a general contractor and land developer. Migrated to this forum after recently purchasing that new bobcat crusher attachment.

Anyway....I don't find many of my subs offering discounts, although my concrete contractor has started to offer an 8% discount if paid within 10 days or less. if he pays the total at one payment he will get 10 more percent discount .
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