Question
1.1.3 On a project where subcontractors are subject to pay-when-paid clauses in their subcontracts, the electrical subcontractor bills you on April 25th for work performed
1.1.3 On a project where subcontractors are subject to pay-when-paid clauses in their subcontracts, the electrical subcontractor bills you on April 25th for work performed during the month of April. The construction company can bill the owner for this subcontractor billing on May 5th and will be paid on June 10th. How long must the construction company fund the costs of this electricians billing?
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Frank Woods Business Accounting Volume 2
Authors: Frank Wood, Alan Sangster
10th Edition
0273693107, 978-0273693109
