[MATT BATEMAN (OWC)]

Ive been asked to put in a quote for a one off job that is likely to come in at over 10K.

The work is likely to take at least two weeks.

I've never worked for the company before and they are relatively young in a business sense, so their credit rating isn't the best.

How is it generally viewed about asking for a certain percentage of monies either paid up front or halfway through the work prior to the second half of works commencing?

Im uncomfortable with this as Ive been stung in the past and lost out financially.

TIA

[Darranvps]

Go with your gut feeling
and perhaps email the odd competitor to ask if they have worked for same company ever

[spongebob]

Speak with your bank about factoring the debt and allow a bit extra on your quote to cover their fee.

[Matt Gibson]

Tell them your terms for any job over X amount requires whatever percentage up front.

It always works for me.

[MATT BATEMAN (OWC)]

Can you give a bit more detail Matt please?

Specifics, such as what percentage you ask for, or what sliding scale; that kind of thing.

You can email me instead if you like on info@oakleywindowcleaning.co.uk


Thanks

[Dean Taberner]

Matt,

Ill do it and give you £500 if its not a bad job,

Save yourselft the hassle, seriously,

Dean.

[MATT BATEMAN (OWC)]

You can have it for 1K. If the price is accepted there's plenty of room for that. Seriously.

[deeege]

1/3 upfront
1/3 at a specified stage of the job
remainder on completion

I've used this successfully on a few of the larger jobs that I wasn't willing to take the risk (hit) on.

[Matt Gibson]

1/3 upfront
1/3 at a specified stage of the job
remainder on completion

I've used this successfully on a few of the larger jobs that I wasn't willing to take the risk (hit) on.

Pretty much spot on. I used to work for a company in London who used these terms on EVERY job, no matter what the price was.

On our larger jobs, i usually use 1/3 up front and the remainder on completion, but you could effectively choose what you wanted to ask for up front. You know better than anyone how much risk your willing to take, but i'm with deegee, 1/3 up front, 1/3 halfway through and 1/3 on completion..

[Matt Gibson]

Or work out how much the job will cost to complete, and ask for that up front. That way, if they don't pay the remainder at the end of the job, at least you haven't ''actually'' lost any money