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That is all laid down in a contract. A minimum of, should you conclude a contract for 45 million, I count on that additionally, you will put a number of hundred thousand euros into the contracting (negotiating and drafting the contract itself).
Not that which means you may see something of it. You normally agree that you’ll make sure funds when sure objectives are achieved. For instance, 10% at first of the project, one other 25% should you obtain objectives x, y, and z, and the remaining upon completion. However you’ll be able to give you all types of percentages, quantities, objectives, milestones, and so on. That’s a part of the negotiation. And should you ultimately begin the project and obtain objectives x, y, and z, however do not get the top product (or behind schedule), then you’ll get, as agreed, that 10% + 25% (in truth, you will have you in all probability already acquired), however not the remaining.
You may attempt to get the contractor to not be paid something till the product is delivered (and accredited), however no shopper agrees. You will discover one thing about that, however I believe that is simply the best way it’s in most contracts involving hundreds of thousands. I even know contracts price hundreds of thousands the place the contractor is paid 100% at first of the project. A matter of negotiation (and negotiating place).
