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    What would the payment terms be when submitting a proposal for the plumbing for a new restaurant?
    Should I break it down by:
    deposit upon pulling permit
    delivery of supplies
    percentage of completion
    permit signoff

    thoughts?

  • #2
    Re: Payment Language

    [QUOTE=NYC LMP;375342]What would the payment terms be when submitting a proposal for the plumbing for a new restaurant?
    Should I break it down by:
    deposit upon pulling permit
    delivery of supplies
    percentage of completion
    permit signoff

    thoughts?[/QUOTE
    My Typical Terms:
    50% upon acceptance of contract
    25% upon rough-in completion
    15% trim completion
    10% upon final Plumbing Inspection, not COO

    In addition to the above we also give special consideration to:
    National Chain or Local Entrepreneurial Endeavor
    Owner/Builder or GC
    Financed or Out of Pocket Project
    New and/or used owner furnished materials and equipment
    Delays caused by others
    Special Order Items
    Errors and Omissions on the plans and specs

    Comment


    • #3
      Re: Payment Language

      SHow me the money. If you have to finance you need to cover your ***-ets. Do what you can always to get your money. Its about time we stood up and got 50% upfront. Did you factor finance into your quote??? Mind you if you take the deposit you MUST deliver.

      Comment


      • #4
        Re: Payment Language

        Forgot to mention, agree totally with Arizona. Follow this and you should be right

        Comment

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