Traditional Culture Encyclopedia - Hotel reservation - Provisions of Tianjin Municipality on the proportion of advance payment in government procurement contracts
Provisions of Tianjin Municipality on the proportion of advance payment in government procurement contracts
The prepayment ratio in the Tianjin Municipal Government Procurement Contract stipulates that the common prepayment is generally 30%, and in many cases it may reach 50% or even 100%. This mainly depends on the market situation. The payment ratio is not less than 30% in principle (not less than 50% for small and medium-sized enterprises). If there are special requirements for special goods or projects, the purchaser may appropriately adjust the advance payment ratio according to the actual situation and internal control system.
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