Standard payment terms
For product design :
- Solution 1 : Invoicing by month For long term projects, some of our customers prefer to be invoiced each month. we have no problem with that !
- Solution 2 : Invoicing by phase Each project is split into different phases. Each phase has a milestones. Some of our clients like to link the invoices and payment to milestones, this is ok for us !
- Solution 3 : Payment in advance (for all new customers, we require a deposit of 25% on the quoted amount).
Payment terms are 30 to 45 days maximum (except for deposit : Net).
Our preffered payment method is payment at order.
For returning customers, we can accept payments at 30 or 45 days. (conditions may apply).
Mold making :
Prototype molds :
70% at order – Net
30% at 1st parts delivered – net
Production molds :
30% at order (net)
30 % at mold design approval (30 days)
20 % at 1st parts delivery (30 days)
20% at 1st parts approval – Mold delivery (30 days)
Mold modifications and fine tuning :
30 days after modification completed.
Injection molding and serial production :
30 days net after parts delivery.