In my world.....Electrical contracting......it depends on the size/scope of the job. Often, we progress bill, usually weekly. If it is a new customer, I often get materials up front, or a portion of them. Something that is special order is paid on order also (like $50,000.00 worth of switchgear) the supplier will want a downpayment, so I do also.
A $5K or less job, we may float the whole job and bill on completion, that is only a few days anyhow.....but much more than that and I will not go on the hook!
Just as a contractor may not pay for materials and the owner then has to......a owner often will not pay the contractor for his work also!
What I see above is a contractor bash session.....there are two sides to the road my friends!!!
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