Pricing & Payment

Question 1

Q22: How are mold costs and product unit prices calculated?

Accepted Answer

A: Mold costs are primarily determined by factors such as the complexity of the product, whether a mold structure is required, the difficulty of processing, the processing method, size, number of cavities, and the mold steel used. Product price per unit depends on the plastic material used, product weight, molding cycle, order quantity, and the complexity of secondary processing.

Question 2

Q23: What are the payment terms?

Accepted Answer

A: Our standard payment terms are as follows:

Molding costs: Typically, payments are made in three installments: deposit, mid-term payment, and final payment (e.g., 40%-40%-20%).
Mass production costs: Typically, payments are made in full before shipment or according to the agreed-upon payment schedule.

Question 3

Q24: After I pay the full mold fee, who owns the mold?

Accepted Answer

A: Once you have paid the full mold development fee, the mold becomes yours. We will keep it in safekeeping and use it only for your specific orders.

Question 4

Q25: What does your quotation include? Does it include tax and shipping?

Accepted Answer

A: Our quotations will detail all costs. Standard quotes typically include material, manufacturing, and overhead costs, excluding taxes. Shipping costs will be quoted separately or by agreement, depending on the location and method of delivery.

Question 5

Q26: If the order quantity increases, can there be a discount on the unit price of the product?

Accepted Answer

A: Yes. We offer tiered pricing. When your single order volume or annual total reaches a certain threshold, the unit price of the product will become more competitive. Please provide your estimated usage and we will provide you with the best price.