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Date & Time in Bali

CURRENT LOCAL DATE AND TIME IN BALI:

Tuesday, 12th November 2019
1:31:46 am

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Payment system

Payment Conditions for our Prefab Homes (not for separate supplies not part of a prefab home, such as timber, doors, windows, wooden roof shingles, etc. The payment system differs for these items and depends on volume) 

Except for the lower amounts we offer a flexible payment system. Payments are always the source of contradictive rules: paying first or supplying first. Apart from expensive L/C's, bonds, or guarantees which only benefit the banks a sound and safe payment is merely based on trust and integrity. We have set up a system where the client is free to chose which payment system will  suit best.   

For orders less than USD. 6,000: 90% payment in advance. 10% prior to shipment. 

For variation orders a prompt payment is required.

 For orders over USD. 6,000
We provide three options:

Option A
D/P 10%
1st installment: 15% against a pre-assembly progress of 20% (milestone 1)
2nd installment: 40% against a pre-assembly progress of 40% (milestone 2)
3rd installment: 20% against a pre-assembly progress of 75% (milestone 3)
4th installment: 15% at completion and prior to shipment (milestone 4)
Material price escalations, if any, apply for this option.

Option B
D/P 15%
1st installment: 20%, against a pre-assembly progress of 25% (milestone 1)
2nd installment: 40%, against a pre-assembly progress of 45% (milestone 2)
3rd installment: 15%, against a pre-assembly progress of 80% (milestone 3)
4th installment: 10% at completion and prior to shipment (milestone 4)
Material price escalations, if any, apply for this option.

Option C
D/P 30%
1st installment: 30%, against a pre-assembly progress of 35% (milestone 1)
2nd installment: 25%, against a pre-assembly progress of 55% (milestone 2)
3rd installment: 10%, against a pre-assembly progress of 85% (milestone 3)
4th installment: 5% at completion and prior to shipment
Material price escalations, if any, apply for this option.   

Option D
D/P 70%
1st installment: 5%, against a pre-assembly progress of 45% (milestone 1)
2nd installment: 15%, against a pre-assembly progress of 75% (milestone 2)
3rd installment: 5% against a pre-assembly progress of 90% (milestone 3)
4th installment: 5% at completion and prior to shipment (milestone 4)
No material price escalations with this option.

NOTES:

Our projects are priced on the basis of the USD. In the event that payments will be made in Euro or any other currency the payment for the installments will be adjusted against the conversion rate between USD. and that currency (up or down) at the moment that the invoice is issued. Price escalations apply for option A, B and C in the event that raw materials have increased in price since the start of the project. Adjustments will be made to the invoice accordingly over the costs for the remaining materials needed to complete one or more milestones.  

Invoices, terms and conditions
Pro Forma invoices will be sent by e-mail.  1% local bank charges will be added to each invoice. Nett. payments to be made by telegraphic transfer.
Payments for installments need to be received not later than 7 calendar days after client has received the Pro Forma invoice. P.T. Bali Prefabworld reserves the right to halt or suspend the works if payments are delayed, until the funds have been credited to our account.
P.T. Bali Prefabworld reserves the right to increase the prices with the costs for unexpected charges and/or fees imposed by the Government of Indonesia related to new or revised export regulations for the goods.  
The goods will be released for shipment as soon as the full payment for the final installment inclusive of any outstanding payment(s) has been received.

Bank transfers
We are at the receiving end of the payments made by the client. International bank regulations state that a payemnt shall not be in transfer longer than 3 working days. However, not all banks comply with this regulation and keep the money longer in deposit than regulated. In order to allow us to trace where the money is or is kept in the bank deposit we advsie that the client asks for a copy of the MT103 transfer slip and e-mail this to us.  Banks will be more careful with upholding a payment when we are in possession of a copy of this slip. 

Payment by credit card
Payment by credit card is not an option, unless the client accepts high fees imposed by the payment providers. These payment providers charge 9% for international commercial payments to Indonesia.    

Progress payments, how does it work.
Each project with a value over USD. 50,000 will be fabricated following a pre-determined time and material schedule, shaped in a graphic called the S-curve. At 2, 3 or 4 pre-determined intervals a cut-off date will be set, linked to a milestone (such milestone normally falls at the cut off date). When a milestone is reached a payment installment needs to be made. Proof and evidence of a milestone will be furnished by pictures.    
S-curves are an important project management tool. They allow the progress of a project to be tracked visually over time, and form a historical record of what has happened to date. Analyses of S-curves allow project managers to quickly identify project growth, slippage, and potential problems that could adversely impact the project if no remedial action is taken.

 S-curve   Typical S-curve

An S-curve also provides the client a clear indication of the progress and whether or not slippage (*) may occur.

(*) Delay days due to bad weather, local ceremonies, national holidays, Acts of God and/or force majeur. Any of such events will timely be notified to the client.   

We will soon install an internet CCTV system allowing the client - wherever in the world - to verify the progress based on the actual CCTV picture

CANCELLATION OF THE ORDER

Alll materials purchased by us from the payments made for option A and B will revert to our company upon cancellation of the order. No refunds will be effected. All materials purchased by us from the payments made for option C and D will revert to the Owner, whereas the retention money will revert to the company. Shipment costs to be borne by Owner. 

STORAGE FEES

In the event that a client wishes to delay his project and/or would like to have his unit stored for a certain period on our yard we will charge an amount of USD 1.80 per day per m3 of wood to be stored. 

Reviews from Bali Prefab World

"Of so many websites I had visited, yours is one of the best designed and focused. I am truly surprised at the amount of information regarding your company's expertise and experience that you willingly publicized online.

It's little wonder that copy cats are lining up, salivating to emulate your achievements. However they will never be able to muster the expertise in both structural and architecture knowledge that is endowed in the educational background.
Few also will be able to emulate your:
o  business integrity (which is extremely rare nowadays)
o  passion to experiment on what works best and continually incorporating them into your design and end products and
o  using the highest quality raw materials and their treatments thereof to ensure a defect free building that will withstand the     test of time.
Little wonder that your company is the foremost prefabricated wooden house company in Indonesia.
Keep up the great work and may I wish you the very best for years to come
Leong Yue Peng, Malaysia."

Review from: Mr. Leong Yue Peng, Malaysia
Project: Visiting web site 
Date: 16-07-2016
Rating: 5 out of 5.

Read more testimonials from Bali Prefab World: click here
Dear Visitor, In order to show proof and evidence that these testimonials are genuine you may send us an e-mail with a request to provide the e-mail address of the publisher of the testimonial. We will forthwith send you the information so that you can contact the person.
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