Chapter 22. Paying and Getting Paid

  1. Richard Hill and
  2. George Solt

Published Online: 30 AUG 2010

DOI: 10.1002/9780470768570.ch22

Engineering Money: Financial Fundamentals for Engineers

Engineering Money: Financial Fundamentals for Engineers

How to Cite

Hill, R. and Solt, G. (2010) Paying and Getting Paid, in Engineering Money: Financial Fundamentals for Engineers, John Wiley & Sons, Inc., Hoboken, NJ, USA. doi: 10.1002/9780470768570.ch22

Publication History

  1. Published Online: 30 AUG 2010
  2. Published Print: 1 SEP 2010

ISBN Information

Print ISBN: 9780470546017

Online ISBN: 9780470768570

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Keywords:

  • paying and getting paid - yet another procedure, divided into elements that have to follow one after the other;
  • contracts, must set down exactly - who pays what and when;
  • late payments by big purchasers, causing problems - all the way down supply chain

Summary

This chapter contains sections titled:

  • What's the Problem?

  • The Contract

  • Achieving the Milestone

  • Real and Virtual Money

  • Bad Payers

  • Summary