How to Structure Payments

[oharaf]

Have been passed a job by a friend, re-wire of a house, he has bad feelings about it, worried he won't get paided.

I am tempted to go and have a look bearing my friends feelings in mind.

I have thought of may be taking this approach.

1) Price the Job 2) Cash for purchasing of cable and equip etc

3) First fix then 70% payment

4) final fix 20%

5) Inspect, test and cert final 10%


Any thoughts from the really experienced ?

 

[nozspark]

The way that I would do it if you are going down the deposit route is..

1) Deposit (value of 1st fix materials & mark up)
2) 1st fix completion (1st fix labour, 2nd fix materials & mark up)
3) 2nd fix completion (2nd fix labour & extras)

Personally I do not charge a seperate amount for testing/certs etc. I build it into my price.

 

[oharaf]

Cheers Noz, like that alot