In most business (not in the scrap game) the biggies drag payments out....90 days is not uncommon.

An outfit I worked for (a multinational) paid their little suppliers in 90+ days and their big suppliers got paid at whatever the supplier demanded---as short as 7 days, for guys like power companies who could just turn off the power if we dragged our feet in paying.

At the same time this same outfit beat on their customers to get paid in less than 30 days.



And all of the above isn't law, its just dog-eat-dog business--market forces.

So, getting paid on the spot or in a few days is pretty decent. The thing that hurts the most in having to wait is that it isn't due to market forces but the GOV'T that is screwing you with idiotic laws. Rest assured that your yard will find a way to drag that payment out if it can, by snail-mailing, by using an oddball bank, anything to delay payment even beyond whatever the law demands.

Jon.