NET 30 seems to be the most common, if you're working with larger companies. (for invoices to cycle through management, A/P, etc) Just make sure you have the payment policies defined in your contract.
(for example, NET 30, 1% of aggregated balance for each day past 30) --- Billy Cravens -----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 ______________________________________________________________________ This list and all House of Fusion resources hosted by CFHosting.com. The place for dependable ColdFusion Hosting. FAQ: http://www.thenetprofits.co.uk/coldfusion/faq Archives: http://www.mail-archive.com/[email protected]/ Unsubscribe: http://www.houseoffusion.com/index.cfm?sidebar=lists
