For new customers we require payment before shipping. For more established customers who may wish to request credit we can do this and will allow certain limits subject to credit checks. The maximum standard payment terms we would offer in this situation would be 30 days after delivery.
Design and development is an expensive business! The costs of carrying out work involve a significant amount of time but also investment in tooling, components and testing equipment. That said, we appreciate that embarking on a new project can also be a daunting task for you. Depending on your situation and project requirements we are happy to negotiate on a range of payment structures but a typical arrangement would involve 50% as an up front payment and the remaining 50% on the proof of concept. As always, if you have a project in mind and would like to talk to one of our engineers about this, please do CONTACT US.
