Clinic By Design

6 Beneficial Questions – Part 5 – Payment Terms

This is one that a lot of people do not think to ask in an initial meeting but is information you need to know before taking on the venture of a new office fit out.

All design and construct companies work differently when it comes to payment terms and it is best to know what you are going to be up for up front before you sign anything.

This way you can plan your budgeting around deposits, progress claims and practical completion (if this is the way they like to run it).

It is also worth asking how many days you will have to pay your invoices (7 days, 30 days?) and what kinds of payment methods they accept so you aren’t caught off guard.