Payment method for landlords

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When sending a quotation to the owner, the payment method will usually be agreed upon. Here I provide two payment methods for your reference.

Three-stage payment method
The three-stage payment method is a more traditional method, which is divided into three stages: commencement of construction, delivery, and acceptance, with payment ratios of 30%, 40%, and 30% respectively.


Three-stage payment method
(Photo provided by financial engineer Mars)

It is possible to add four or five stages of payment based on the important processes of the project, as long as both parties agree.

The advantage of this method is that you will get algeria mobile database a certain amount of income when you start the work, and then you can receive a large amount of income when the development is completed.

The disadvantage is that the time from commencement to delivery may be too long, resulting in no income to pay fixed expenses in the meantime, or because the two parties have different standards for determining the closing of the case, payment may be delayed, which in turn affects fixed living expenses.

Monthly settlement method
The monthly settlement method is that after each function is completed, it will be gradually put online and delivered to the owner for inspection. If the owner confirms that the function is normal, at the end of the month, the functions that have been put online that month will be settled and the owner will pay the remuneration for that month.

For example, this is a function developed for a shopping website. The fee amount or proportion will be marked for each function, and if it has been completed, the payment will be signed for in the same month.