In the past when I have done terms I have given net 15 and after 90days they can move to a net 30 as long as there were no late payments. I do that just to get to know someone and there payment habits..
8>) Steven Lancaster Barrios Technology NASA/JSC 281-244-2444 (voice) [EMAIL PROTECTED] -----Original Message----- From: Phillip Broussard [mailto:[EMAIL PROTECTED]] Sent: Thursday, April 11, 2002 2:39 PM To: CF-Talk Subject: RE: Payment terms I don't know if this helps but this is the way we usually do things. Short term projects(a few weeks): 50% up front the rest at completion Long term projects(around 2 or more months): 1/3 up front, 1/3 around mid way through and the rest at completion. Phillip > -----Original Message----- > From: Dirk Sieber [mailto:[EMAIL PROTECTED]] > Sent: Thursday, April 11, 2002 2:24 PM > To: CF-Talk > Subject: OT: Payment terms > > Hi everyone, > > This is a little off-topic, but I'm hoping some of you might be able to > give me some good advice. I'm going to be entering in a formal agreement > to perform some enhancement/bug fix work for a client on a casual, but > ongoing basis, and they're asking me for my payment terms. Now, in the > past, I've either always been paid COD, or been someone's employee, so > this > is a bit new to me. :) > > I'd welcome comments on what everyone thinks is a 'fair' amount of time > for > payment. My first thought was 1 week from delivery for bug testing - if > nothing is reported in that week, the client is assumed to have signed off > on the work (if they don't do so sooner), and payment is due within 30 > days. > > Thoughts? Comments? > > Thanks! > Dirk > > ______________________________________________________________________ Signup for the Fusion Authority news alert and keep up with the latest news in ColdFusion and related topics. http://www.fusionauthority.com/signup.cfm FAQ: http://www.thenetprofits.co.uk/coldfusion/faq Archives: http://www.mail-archive.com/cf-talk@houseoffusion.com/ Unsubscribe: http://www.houseoffusion.com/index.cfm?sidebar=lists
