Navigating the payment terms for a large order of park benches is a crucial step in planning your commercial or municipal project. Typically, suppliers structure payments to protect both parties and ensure project viability. For substantial orders, you can expect a multi-stage payment schedule.
A common structure involves an initial deposit, often ranging from 30% to 50% of the total order value. This deposit secures your place in the production queue and allows the manufacturer to purchase raw materials. Upon completion of production or before shipment, a second progress payment of 40-50% is usually required. The final balance, typically 10-20%, is due upon delivery and installation or after a final inspection.
For very large orders, some suppliers may offer milestone payments tied to specific production stages. It's also essential to inquire about volume discounts, which are frequently available for bulk purchases and can significantly reduce your per-unit cost. Always request a detailed proforma invoice outlining all terms, including warranty details and lead times. Don't hesitate to discuss financing options or flexible payment plans, as many established suppliers are willing to work with reputable clients on large contracts.