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Payment Terms & Late Payment Policy

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Payment Due Date:

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All invoices are due and payable within thirty (30) days from the invoice date (NET30).

Late Payment Fee:

A late payment fee will be applied to any outstanding balance that remains unpaid after the NET30 due date. This fee will be calculated as follows:

  • A charge of 1.5% of the outstanding balance will be applied monthly / every 30 days until the full invoice amount, including all accrued late fees, is paid.

    • Example: If your outstanding balance is $500 and the fee is 1.5% monthly, a $7.50 late fee will be added after 30 days past the due date, and another $7.50 for each subsequent 30-day period it remains unpaid.

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Grace Period:

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We understand that sometimes delays occur. A grace period of 5 business days will be extended beyond the NET30 due date before any late payment fees are applied.

 

If you anticipate any difficulty in making a timely payment, please contact us immediately at (254) 855-9918 or lisa@jrbmechanicaldesign.com. We are always willing to discuss potential solutions and payment arrangements before late fees are applied.

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