Credit & Net Terms Policy

Effective November 6, 2026

Qualified businesses can apply for an open account with net terms. Accounts are approved at T&M's sole discretion.

Applying

• Complete our credit application with your business information, trade references and bank reference.
• Provide your contractor license (if applicable), business registration and, for tax-exempt purchases, a Florida Annual Resale Certificate.
• We may check business and personal credit. A personal guarantee from an owner or officer may be required.
• Approval usually takes 2 to 5 business days. Until then, purchases are paid at the time of sale.

Terms

• Net 30. Unless your approval letter says otherwise, invoices are due in full 30 days from the invoice date.
• Credit limit. Each account has a credit limit. Orders over the limit may require payment or approval before release.
• Statements. We send monthly statements. Please report billing questions within 30 days of the invoice date; undisputed amounts must still be paid on time.
• Authorized buyers. You are responsible for all purchases made by your employees and anyone you allow to use your account. Tell us in writing to add or remove authorized buyers or to require purchase order numbers.

Late payments

• Past-due balances are charged a late fee of 1.5% per month (18% per year) or the highest rate allowed by law, whichever is lower.
• Accounts more than 30 days past due may be placed on credit hold, and new orders may require payment at the time of sale.
• Returned checks and rejected ACH payments are charged the service charge permitted under Florida law, and the account may be changed to cash or card only.
• You agree to pay reasonable collection costs, including attorney's fees and court costs.

Changes and lien rights

We may change your credit limit or terms, or close the account, at any time. Nothing in this policy waives T&M's rights as a supplier under Florida's Construction Lien Law, including the right to serve a Notice to Owner on projects we supply.