Re: Down Payments?

["Doug L" <vssdoug@xxxxxxx>]

If its a new customer and a reasonably large job then I usually ask for 10%
down,  a further 40-50% progress payment at an agreed partial completion
point, and the balance upon completion.

Doug L
--

"JW" <golf4nospam@xxxxxxxxxxx> wrote in message
news:PKwOe.9697$1g2.8618@xxxxxxxxxxx
> Hi All,
> Our contracts state that we will receive a 50% down payment upon signing
> with the balance billed after completion. Today, a new customer (who
> already signed the contract and sent a large downpayment since it's a big
> job) called very upset about the practice. He said no other vendors
> require it and that it smacks of being a fly-by-nighter. I think it smacks
> of sound money-management... but of course it made me wonder what the norm
> is in the industry so thought I'd ask for some feedback.
>
> Thanks for sharing!
>
>