Requesting an interim payment?

[Tidy Max]

Alreet chaps.

Did a job back in July and 2 x speakers didn't arrive with the order. Completed the job minus to the two outstanding speakers.

They are still outstanding as im waiting for the them to come off the production line however the company won't pay up until the job is complete (which is understandable).

My issue is that i had just under £4k worth of materials on the job and i desperately need to pay some bills!!!

I have heard of interim payments before but i have never had to do it. What's the usual process? Is there a set percentage to initially request? I submitted my invoice a couple of weeks ago and received a call the day after asking where we were up to with the outstanding speakers. The reason i submitted the invoice prior to completion is i am on 90 days payment so i thought i should get it on now so i at least get paid before Christmas!

Thanks for any advice offered.

Max

 

[Sintra]

Interim payments need to be set up on the original contract. Ie monthly or after 1st fix etc. if this wasn't agreed at the outset then the client has the right not to pay until the job is complete. Also a lot of the bigger clients will hold a retention of the final payment for a set period. Again agreed on the initial contract.

 

[Tidy Max]

I thought that may be the case Sintra.

Thanks for the reply

 

[SPARTYKUS]

You could still ask though. No harm...

 

[Octopus]

I'd speak to the client and see if they would agree to a payment of 2/3 of the invoice, it HAS to be worth asking.

 

[telectrix]

as murdoch says.

 

[dan86]

what speakers are they that they seem so difficult to get a hold of?!

 

[Dave 85]

I ask for 40% after first fix on a big job and specify that 2nd fix will not start until the money is received.

 

[Geordie Spark]

You could still ask though. No harm...

I agree.

Shy bairns get nowt.

 

[ipf]

I agree.

Shy bairns get nowt.

So that's why I struggle to get me dosh and get a bit narked.

Mind you...a quiet garroting is taking it a bit too far, I suppose

 

[Geordie Spark]

So that's why I struggle to get me dosh and get a bit narked.

Mind you...a quiet garroting is taking it a bit too far, I suppose

In Geordieland it's all part & parcel of the Terms of Business.

 

[ipf]

In Geordieland it's all part & parcel of the Terms of Business.

Always useful that parcel string

 

[Geordie Spark]

Always useful that parcel string

I ustercould play guitar a bit ................... never did throw the old strings away ....