payment terms for catering?
when setting up a catering contract, what are standaerd payment terms?
how much of a deposit and when should final payment be made? |
We usually require half down for a deposit and final payment when setting up.
Don't like trying to chase down clients money during a party. |
I do half down and the remainder and final head count 10 days prior.
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We require 50% at booking, refundable 14 days prior. Balance due upon delivery or setup.
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All bookings are first come first serve
A non-refundable deposit of $250.00 is required to book & hold any date Deposits cover administrative time and office expenses All proposals expire ten (10) business days from the date created Final payment for all proposals is due fourteen (14) days prior to the event Full refund for cancellations thirteen (13) days prior to the event 75% refund for cancellation seven (7) days or less prior to the event If you cancel after we have purchased food for your event you will be responsible for the cost of the food and an additional 20% service charge, any balance after that will be refunded All refunds will be paid within fourteen (14) business days from the date of cancellation Discounts do NOT apply unless we have discussed them and have come to terms |
I have been doing 1/3 of the total ticket upfront as a deposit. Non refundable (up to my final say really) I may increase that to 50%
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We run 50% upfront and the remainder at set up. They have to confirm everything 14 day prior. No refund after the 14 day cutoff.
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DITTO. We require 50% up front and remainder the day of event. |
I require 25% down, 50% of remainder within 14 days and rest day of event.
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Leaves little room for question, spells it out. Prevents coming up with new terms on the fly everytime someone asks a question re: Deposits & final payment. We like it, our attorney likes it and every one of our clients knows what to expect with regards to $$$...when they sign the contract, it's good for them and us!
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Time is $$$
I agree!
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I can see your point.
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