For our larger projects we frequently forgo large deposits in favor of monthly progress invoices for equipment delivered and labor completed. After months of negotiations with a potential new client for a 6 month project, and at the last minute, the customer has conditioned the deal on providing our business financials. I am reluctant to do so since we already have many excellent references from comparable projects and we do not require the customer to pay us large deposits so their risk is limited since we finance the project ourselves until we receive payment.
I am curious how other integrators feel about this.
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