The Steelcorp Payment Structure
6 Jun 2022
Ebony Bell, Project Manager
Building a commercial or industrial structure is a big investment, and ensuring you budget for it accurately can make the difference between a smooth, efficient project and one that drags on past its due date.
Part of our building process includes having a clear and transparent payment structure in place so that our clients can prepare ahead of time.
In this article, Ebony shares how our payment plan works, what’s included in the scope and how we work alongside tradespeople to complete your structure.
Payment Structure for Steelcorp’s Building Projects
IN BRIEF
- It’s important to accurately budget for your commercial or industrial building project – our payment structure is clear and transparent, with our scope of work typically covering the structure kit or materials only.
- The payment plan for the structure kit includes an initial 5% deposit, a 55% process payment, a 35% payment prior to the first delivery, and a 5% balance payment upon final delivery.
- Trades are typically contracted directly by the client. However, Steelcorp can also help with project management, in which case we can pass invoices from each tradesperson on to you for payment.
- We can recommend tradespeople that we know and trust.
What is Included in the Scope of Work?
Your individual project documentation will lay this out clearly, however in most cases, our scope covers the structure kit or materials only. The trades used to actually build your structure are a direct contract between you the client, and the tradesperson.
In some instances, we can assist with overall project management and clients can hand over the organising of trades to us.
In this case, we would simply pass on each builder, plumber or electrician’s invoice as we receive it, and it would be the client’s responsibility to arrange timely payment.
How Much Do I Have to Pay Upfront?
If you’ve engaged Steelcorp to look after the structure kit – the steel members, COLORBOND® sheeting, roofing, insulation etc – we split the project cost over a few invoices.
In this instance, the payment structure looks like this:
- An initial 5% deposit locks in your project and allows us to obtain engineering for the structure
- A 55% process payment allows us to purchase the required raw materials
- A 35% payment prior to the 1st delivery
- The 5% balance payment is due upon final delivery
How Much Do the Other Trades Cost?
As outlined above, if the trades component is run via Steelcorp, the model above is followed and trade invoices are issued either during the project or upon completion of that trade.
We don’t get involved in the pricing of these trades so finding the tradespeople that fit your budget and requirements is something our clients need to plan ahead for.
"We've designed a lot of structures in our time and regularly work with some reputable contractors, so if you need a recommendation our team can help you out."
- Ebony Bell, Project Manager
Lorem ipsum dolor sit amet
Lorem ipsum dolor sit ametLorem ipsum dolor sit ametLorem ipsum dolor sit ametLorem ipsum dolor sit ametLorem ipsum dolor sit ametLorem ipsum dolor sit ametLorem ipsum dolor sit ametLorem ipsum dolor sit ametLorem ipsum dolor sit ametLorem ipsum dolor sit ametLorem ipsum dolor sit ametLorem ipsum dolor sit ametLorem ipsum dolor sit amet
