How to draft a business contract (web design), how to attack payment issue? Deposit, etc? Are there examples?
Question by Tom Brom: How to draft a business contract (web design), how to attack payment issue? Deposit, etc? Are there examples?
Once awarded a project after a successful proposal for an RFP, how to best draft a business contract, specifically the payment “plan”? Assuming the contract work will last ~2 months, how to receive payments for work? Partial payments throughout? How to best attack that issue?
Best answer:
Answer by Jestep
Personally, I suggest a 50% upfront, 50% upon completion model. Otherwise, definitely some initial upfront payment, and then a payment based on logical phases, and then completion.
Look online for web design contracts and edit one so it is appropriate for the situation.
Unless you can afford to have a buyer back-out, I highly recommend requiring some sort of upfront payment. I’ve seen buyers back out many times, even after the work is completely finished. Getting an upfront payment keeps both parties committed to the project.
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