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Reply by huff

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Posted on Right time to ask for a deposit?

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huff

2810 posts in 2031 days


#1 posted 09-18-2009 03:07 AM

Brian, Over the years I’ve struggled with your delima, but what seems to work for me is I get a 40% deposit to schedule and lock in the order (no matter what my lead time is). 40% draw at preview ( when it’s built and ready to be finished). Sometimes this is a great time for the client to come by and see their project and we can make any final decisions, like finishing, etc. The 20% balance when delivered. I used to do the 50/50 payment, but I don’t like having that much of my money held to the very end. I always have my terms printed on my proposal so it’s clear for the client and I’ve never had a problem. One other item I’ve done on my proposal since everything I do is custom; I put on my proposal that all deposits are non-refundable.

-- John @ http://www.thehuffordfurnituregroup.com


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