Originally Posted by onehundred80
I may be a Donny Downer as someone called themselves lately, but after seeing the last fiasco on this site I think some cool heads ought to think this over.
The way I see it $31,225 will be handed over before any one has seen a production hood. Should anything go wrong after the monies are paid what happens then?
There appears to be no risk to the supplier at all.
If 50% is required to start the ball rolling and the balance paid one month later prior to the completion of the contract, who's to say the job has even started?
I know Mad_Medo5X has done a lot of work but he could get stiffed as well.
I would propose that the final payment be put in an escrow account and payable on shipping parts that have been inspected.
Whoever is making these hoods is taking no risk, and if you are in business there's normally some carrot that makes you do your best.
I think 1/3 down payment, 1/3 payable at an agreed point in manufacture and 1/3 held in escrow payable on shipment of twenty-five acceptable parts.
But hey, it's your money.
FYI,
I'm driving a production hood!
I'm handling everything through Paypal with the supplier. Regardless if I receive checks, moneyorder, etc, Everything will be through paypal to protect my self, and the forum. As far as payment options. Everything has to be paid before shipment. They dont get paid until the Bulk Buy is completed. Complete order will be insured.
Its thats simple. Ask the guys from CCA, This is what I do for a living! New Product Development & Supplier Management on very unique parts.
Thanks
PS
I will get the list updated ASAP