How to draft a business contract (web design), how to attack payment issue? Deposit, etc? Are there examples? -

Once awarded a project after a successful proposal for an RFP, how to best draft a business contract, specifically the payment plan ? Assuming the contract work will last ~2 months, how to receive payments for work? Partial payments throughout? How to best attack that issue?

Personally, I suggest a 50% upfront, 50% upon completion model. Otherwise, definitely some initial upfront payment, and then a payment based on logical phases, and then completion.Look online for web design contracts and edit one so it is appropriate for the situation.Unless you can afford to have a buyer back-out, I highly recommend requiring some sort of upfront payment. I ve seen buyers back out many times, even after the work is completely finished. Getting an upfront payment keeps both parties committed to the project.