By Caitlin Coakley
CHARLOTTE — When they go into business, most contractors know they won’t be getting a steady biweekly paycheck. But with the recession, they increasingly are not getting a paycheck at all.
“There are a lot of companies that need a service, but don’t have the money to pay for it,” said David Smith, Jr., operations manager for RDS Electrical Contracting. “They don’t tell you that up front, though.”
The risk of not being paid on time, or not being paid at all, is part of the nature of the business, said Bill Stricker, director of the Carolinas Associated General Contractors. But within the past year, Stricker and others say, they have seen more contractors struggle to get their money.
“I filed more liens in 2009 than in the rest of my career,” said Scott Bovit, partner with Charlotte-based SiteWorks LLC and a contractor since 1984.
Enter your email address/USER ID and password in the fields above to gain access to the subscriber content on this site.
Your subscription includes one set of login credentials for your exclusive use. Security features have been integrated on this site: If someone signs in with your credentials while you are logged in, the site will automatically close your ongoing login and you will lose access at that time. To inquire about group subscriptions for your organization, contact Joann Griffin.
Already a paid subscriber but not registered for online access yet? Click Here to register.
Forgot password or User ID?