Payment Conditions for Prefab homes and Gazebos

Except for the lower amounts we offer a flexible payment system, based on the principle what was first; the chicken or the egg. Payments are always the source of contradictive rules: paying first or supplying first. Apart from expensive L/C's, bonds, or guarantees which only benefit the banks a sound and safe payment system hardly exists. For the larger amounts (hence higher risk) we have set up a system where the client is free to chose which payment system will  suit him best, following the assembly progress made by us. Option C1 and Option C-2 are based on this principle. In either case it is a win-win situation.    

A. For orders less than € 3,500: 100% payment in advance.

B. For orders between € 3,500 and € 10,000:

1^st installment: Down payment 40%

2^nd installment: 40% halfway of project

3^rd installment: 20% prior to shipment

C. For orders over € 10,000

Payment system for C is in accordance with progress made.

We provide two options:

Option C-1

D/P 30%

1^st installment: 30%, against a pre-assembly progress of 40% (milestone 1) (1)

2^nd installment: 30%, against a pre-assembly progress of 80% (milestone 2) (2)

3^rd installment: 10% prior to shipment

(1): In the event that payments will be made in USD the payment for this installment will be adjusted against the conversion rate between USD. and Euro (up or down) at the moment that the invoice is issued. If raw materials have increased in price since the start of the project, adjustments will be made to the invoice over the costs for the remaining materials needed to complete milestone 2. 

(2): In the event that payments will be made for this installment the payment for this installment will be adjusted against the conversion rate between USD. and Euro (up or down) at the moment that the invoice is issued. If raw materials have increased in price since the start of the project, adjustments will be made to the invoice over the costs for the remaining materials needed to complete the project. 

Option C-2

D/P 60%

1^st installment: 20%, against a pre-assembly progress of 40%

2^nd installment: 10%, against a pre-assembly progress of 80%

3^rd installment: 10% prior to shipment

No further price escalation with this option.

Invoices, terms and conditions

   Pro Forma invoices will be sent by e-mail.

The invoices will be subject to an additional 1.5% to cover bank charges and bank costs.

Payments for installments need to be received not later than 7 calendar days after client has received the Pro Forma invoice. P.T. Bali Woodworld reserves the right to halt or suspend the works if payments are delayed, until the funds have been credited to our account.

P.T. Bali Woodworld reserves the right to increase the prices with the costs for unexpected charges and/or fees imposed by the Government of Indonesia related to new or revised export regulations for the goods.  

The goods will be released for shipment as soon as the full payment for the final installment inclusive of any outstanding payment(s) has been received.   

Progress payments, how does it work.

Each project with a value less than €. 30,000 will be fabricated following a pre-determined time and material schedule. At 2, 3 or 4 pre-determined intervals a cut-off date will be set, followed by a milestone (such milestone normally falls a few days after the cut off date). When a milestone is reached a payment installment needs to be made. Proof and evidence of a milestone will be furnished by pictures.   

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Last modified: September 28, 2008

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