Payment Policy
This Payment Policy outlines the standard payment terms and conditions applicable to all projects undertaken by Patel Infraa, including container supply, prefabricated structures, and onsite project execution. The policy ensures transparency, financial discipline, and smooth project execution for all clients.
1. Purpose
The purpose of this policy is to establish clear payment guidelines for all projects handled by Patel Infraa. These guidelines help maintain transparency between the company and its clients while ensuring smooth workflow, timely project execution, and proper financial management.
2. Scope
This policy applies to the following types of projects:
- Container Manufacturing & Supply Projects
- Onsite Fabrication & Installation Work
- All Domestic and International Clients
3A. Container Supply Projects
For all container-based projects including container manufacturing, modification, or supply, the following payment structure will apply:
- 50% Advance Payment
Payable at the time of order confirmation. - 50% Balance Payment
Payable before dispatch of the container from the manufacturing facility.
Note: Dispatch of the container will not be initiated until full payment has been received.
3B. Onsite Work Projects
For onsite fabrication, erection, and project execution work, the following payment structure will apply:
- 50% Advance Payment
Payable at the time of work order confirmation. - 40% Payment
Payable at the time of material dispatch to the project site. - 10% Final Payment
Payable at the time of project handover or completion.
Note: Final handover documentation will be provided only after receipt of the final payment.
4. General Conditions
- All payments must be made via bank transfer, cheque, RTGS, NEFT, or other approved banking channels.
- GST and all applicable taxes will be charged as per government regulations.
- Any delay in payment may result in project delays, dispatch postponement, or work suspension.
- Additional holding or storage charges may apply in case of delayed payments.
- Changes in project scope may require revised payment terms.
- The company reserves the right to modify payment terms depending on project size, complexity, and client agreements.
5. Acceptance
Confirmation of order, issuance of purchase order, or signing of project agreement by the client implies acceptance of the payment terms and conditions stated in this Payment Policy.
Patel Infraa reserves the right to revise this policy periodically to align with operational requirements and industry standards.