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Thread: Payment Terms

  1. #1
    Member kiama's Avatar
    Join Date
    May 2002

    Default Payment Terms

    Saw someone mentioned about deposit payment in the other thread. Usually when dealing with corporate clients what are your payment terms?

    COD / 14 days / 30 days / depends on what company / others ?
    Last edited by kiama; 4th August 2011 at 01:40 AM.

  2. #2

    Default Re: Payment Terms

    It really depend on what you prefer.

    Depending on the scope of the work, you can either ask for deposit + progressive payment + full amount once work is delivered. The percentage vary from one to another.

    U can reject the job if the payment terms are not suitable and you do not dictate by others on the payment terms unless there is a pretty good reason for it.



  3. #3
    Moderator catchlights's Avatar
    Join Date
    Sep 2004
    Punggol, Singapore

    Default Re: Payment Terms

    that is depends how their account department usually work, some may involve a lots of paper work, some may pay you very fast if not involving large sum of money, you can ask them before you want to take up their assignments.
    Shoot to Live, Live to Shoot | iStock portfolio

  4. #4

    Default Re: Payment Terms

    Depends on the amount and job size also

  5. #5

    Default Re: Payment Terms

    it all depends on the accounts department of different companies.

    You can state 14 days or 30 days payment terms but in actual fact some companies can take 3-6 months to pay. It's hard to say.

    Some government takes a long time to pay because they have to go thru lots of departments and paperwork.

    Some smaller companies takes a long time to pay because they want to hold on to the cash to "roll"... if they haven't been paid for that particular project, they will not pay you first either.

    for eg, company A engages company B to do a newspaper ad campain, and company B ask you to do the photoshoot part. Then company B will not pay you until they get paid by company A. They lay be a long lead time from Company A -> Company B -> you


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