Smart Payment Schedule
To The Editor:
I agree with Brian Sutton's advice
about structuring several payments
throughout a project ("Getting the
Final Payment," 10/99). I do essentially
the same thing with one change:
Mr. Sutton receives payments at the
completion of each phase of a project;
I get paid at the start of the following
phase of the project. For example, a
payment due at the completion of siding
could be held up if the shutters are
on back order. So I make a payment
due at the start of the electrical wiring
instead (I'm assuming the wiring will
start the same day the siding is completed.)
The payment is made at the
same time but there is