20% Deposit.
- Due 5 days upon receiving sales order acknowledgement from TerraSmart.
- Ideally, this would be on entire purchase order including services, but at a minimum this must be on material.
35% Roll Form Commencement Draw.
- Invoice will be sent to client for roll form commencement draw and will be due 5 days upon receiving invoice.
- Roll form material will not be released from vendors until payment has been received and we mobilized to the site to begin construction. The invoice will be sent 7 days prior to the expressed mobilization date from the client to allow for payment to be received, vendor to be set up with production print, and production to begin week of mobilization.
Standard Material Billing Terms As Material Arrives To Site.
- 30 day terms
Weekly Services Billing Based On Percent Complete On Each Line Item.
- 30 day terms
Express material lead times will not commence until purchase order, approved engineering and deposit has been received from client. If we have two out of three, the lead time will not begin.
Example 1: If we tell clients a 9 week material lead time and we receive purchase order but no deposit and engineering is not approved for two weeks after the issuance of purchase order, then lead time would be 9 weeks from that date or 11 weeks from the purchase order date.