Bud's Offshore Energy (BOE)

The 45 day payment period, that the President of Guyana believes is unnecessarily long, is actually shorter than the 60+ days required by many large companies. It’s unfortunate that these companies have to be jawboned into paying contractors in a timely manner.

Making money from the “float” at the expense of small contractors makes poor business sense as well as poor social sense. Successful companies understand the importance of small business partners in growing production, innovating, expanding supply options, and garnering local and national support. Do the financial gains associated with delayed payments justify alienating the individuals and small businesses that should be the strongest proponents of your company and your industry?