That's an excellent and very practical question. For a large-scale city project, the payment terms for urban trash bins are typically structured to provide security for both the municipality and the supplier, and are often negotiated as part of the overall procurement contract.
Generally, you can expect terms to be more formal than a simple retail purchase. A common structure involves a deposit or advance payment upon signing the contract, often ranging from 30% to 50%. This secures the order and helps the manufacturer cover initial material costs.
The remaining balance is usually handled through one of these methods:
* Progress Payments: For very large or custom orders, payments might be tied to production milestones (e.g., another 30% upon completion of manufacturing, 40% upon delivery).
* Payment on Delivery: The balance is due upon confirmed delivery and installation at the project sites.
* Net-30 or Net-60 Terms: Many municipalities operate on standard net terms. This means the full (or remaining) payment is due 30 or 60 calendar days after the invoice date, which is often issued upon delivery and acceptance.
Key factors that influence these terms include the total order value, the customization required, the supplier's policies, and your city's own procurement regulations. It's crucial to clarify all terms, including any warranties, delivery schedules, and acceptance criteria, before finalizing the contract. Always ensure the payment schedule is clearly outlined in your official purchase order or supply agreement.