Chapter 18. Terms of Payment

  1. Richard Hill and
  2. George Solt

Published Online: 30 AUG 2010

DOI: 10.1002/9780470768570.ch18

Engineering Money: Financial Fundamentals for Engineers

Engineering Money: Financial Fundamentals for Engineers

How to Cite

Hill, R. and Solt, G. (2010) Terms of Payment, in Engineering Money: Financial Fundamentals for Engineers, John Wiley & Sons, Inc., Hoboken, NJ, USA. doi: 10.1002/9780470768570.ch18

Publication History

  1. Published Online: 30 AUG 2010
  2. Published Print: 1 SEP 2010

ISBN Information

Print ISBN: 9780470546017

Online ISBN: 9780470768570

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Keywords:

  • payment terms, conditions of contract will - set of agreed terms of payment, how contract price will be paid to contractor;
  • the contractor has to find the difference - out of working capital - affecting cash flow;
  • compromise, at contract stage - and setting out terms of payment

Summary

This chapter contains sections titled:

  • What are Terms of Payment?

  • Ownership

  • Delivery

  • Retentions

  • Extras

  • Summary