Payment Options
TNC provide two basic payment options which are outlined below.
Payment on Completion
For smaller projects a deposit is taken which represents 50% of the development costs.
Upon completion of the project and final sign off the balance payment is taken before the project
goes live. The balance payment will include the outstanding balance for development, the first years
management fee and any administration charges required such as Domain Name transfers.
Staged Payments
For larger projects TNC will agree staged payments with the client before commencement of the project.
A deposit of 20% is taken prior to any development starting and then further payments are taken
when agreed targets are achieved. The balance is paid on project completion and sign off.
For example staged payments might be:
- Deposit - 20%
- Completion and sign off of technical specification - 20%
- Completion and sign off of visual designs - 20%
- Completion of a feature complete test version on a test server - 20%
- Final release of project to live server - 20%