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Terms and Conditions/

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Payment Terms

  1. Upfront Payment:

A down payment of 20% of the total contract value is due upon the signing of this agreement. This initial payment serves to secure the contractor’s commitment to the project and to cover initial planning and procurement activities.

  1. Completion of Design Payment:

Upon the successful completion and approval of the fire sprinkler system design, an additional payment of 20% of the total contract value will be due. This payment acknowledges the completion of the design phase and the readiness to proceed with the implementation of the system.

  1. Commencement on Site Payment:

A payment of 30% of the total contract value will be due upon the official commencement of on-site installation activities. This payment marks the project’s transition from planning to execution.

  1. Progress Payments:

Subsequent progress payments will be made at regular intervals based on the percentage of work completed.

  1. Final Payment:

The final payment, comprising the remaining 20% of the total contract value, will be due upon the completion of all fire sprinkler installation work, the client’s acceptance of the system, and the satisfaction of all contractual obligations.

  1. Payment Method:

All payments shall be made in Pounds Sterling and submitted by accepted payment methods, including checks or electronic funds transfer. Payment details will be provided in the invoice issued by Fortress Fire and Security Ltd.

  1. Payment Duration:

The payment term for this arrangement stipulates a duration of 30 days, commencing from the date mentioned on the invoice. This timeframe represents the period within which the payment is expected to be completed.

  1. Late Payment:

In the event of late payments, a late payment fee of [Late Payment Fee Amount] may be charged for each day beyond the agreed-upon due date until the payment is received. The client will be responsible for any costs incurred due to returned or dishonored payments.

  1. Change Orders:

Any adjustments to the payment schedule due to approved change orders will be mutually agreed upon and outlined in a separate change order document.

 

Conditions

The prices indicated in this estimate are set for labor, materials, equipment, and transportation costs, assuming an order is placed within 14 days. If there are changes to the project schedule between the date of this estimate and the completion of the work, the contract price will be adjusted to account for any price increases.

We cannot be held liable for delays or damages caused by labor disputes, fires, accidents, or similar circumstances. If such delays occur, the timeline for completing orders and contracts will be extended accordingly.

The ownership of materials, equipment, and machinery, whether installed on the premises or not, remains with us until the full agreed purchase price is paid. If the other party defaults on this contract, we have the right to cancel the contract and retrieve materials, equipment, and machinery from the site.

Until final payment is received, you are responsible for the materials at your own risk, despite our lien. We are not responsible for any indirect damage or loss. If the materials are destroyed by fire after delivery but before installation or completion, the full contract price will still be due, minus the installation cost.

The timelines for manufacturing and on-site installation are contingent upon the timely approval of drawings by your Fire Insurers and any other relevant authority.

It is the client’s duty to notify us of any corrosive atmosphere that might negatively impact pipework, fittings, bracketry, sprinkler heads, or any other components of the sprinkler system.

If this estimate is not accepted within 14 days from the current date, we retain the right to modify the terms and conditions. The estimate is also conditional upon credit approval, and written confirmation from our office is required to proceed with the installation and/or sale of goods.

Office Address

Moorgate House, 5-8 Dysart Street, London, EC2A 1BT