Abstract
Advance amounts required by vendors are generally 15–25 % of cost of machinery (in case the cost of machinery is in the range of about 50–70 % of total cost of project depending on the complexity of technology). Vendors may ask for greater advance amount if costly materials of construction (stainless steel, titanium, or special alloys) are required for fabrication, pressure vessels are to be supplied or equipment designs are complicated such as special reactors or boilers.
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© 2016 Springer International Publishing Switzerland
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Golwalkar, K.R. (2016). Financial and Commercial Matters. In: Production Management of Chemical Industries. Springer, Cham. https://doi.org/10.1007/978-3-319-28253-4_2
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DOI: https://doi.org/10.1007/978-3-319-28253-4_2
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