What does Net-30 mean for a contractor?

It means payment is due 30 days after you invoice. You cover all job costs in the meantime, so you need enough cash on hand to wait.

Should I take Net-90 jobs?

Only if you have the working capital to carry the costs for three months, or you collect a deposit and progress payments that keep cash coming in.

How do I get customers to pay faster?

Invoice the day work is done, offer an easy way to pay, ask for a deposit, and bill progress payments on longer jobs.

Net-30, Net-60, Net-90 for Contractors: The Real Cash Flow Math

Net payment terms can sink a profitable contractor. See the real cash flow math behind Net-30, Net-60, and Net-90 jobs, and how to protect your working capital.