There are different payment terms for different plans under which projects are executed.

Terms for Fixed Price Plan

For projects < or equal to US$ 5000.00 :
50% retainer and rest on completion but before delivery.

For projects > US$ 5000.000 and < or equal to US$ 15000.00 :
33% retainer | 33% when half of the project milestones achieved | Rest on completion but before delivery

For projects > US$ 15000.000 and < or equal to US$ 30000.00:
25% retainer | 25% when half of the project milestones achieved | 25% when three fourth of the project milestones achieved | Rest on completion but before delivery

For projects > US$ 30000.00 payment terms would be as negotiated with the client.

Terms for Hourly Rate Plan

Billing cycle for hourly rate plan is monthly. Last day of every month.

Terms for Dedicated Professional Plan

Billing cycle for dedicated professional plan is bi-monthly, 15th and last day of the month.