The process of successfully designing and manufacturing new injection molds begins with product design and injection mold design. If the design of the injection mold is correct, all tolerances are specified, as well as material, steel grade, hardness and surface finish requirements, then with this information, the injection mold can be built in China.
If you have encountered difficulties in cooperating with Chinese mold makers, it is definitely because of the lack of awareness of mold costs when ordering the mold. You have to know that the competition between mold making companies is reflected in the quotation. In order to get your order, they must cut their cost so that the quotation is lower than their competitors. So in your mind, you must know the correct cost of your mold. If you feel that this requirement is difficult for you, please contact First-rate mold solution company, our technical team will help you get a good mold. Because the molds with insufficient cost usually reflect (or do not reflect) the surface treatment, material selection, material hardness, lack of precision grinding of mating surfaces, and lack of close tolerances in wall thickness on thin wall products and so on.
Before signing any contract, make sure you understand the terms of payment. Getting stuck with unexpected costs is not something you want to happen.Be sure that you know what your supplier is asking for when it comes to payment. You should be prepared to pay upfront or in installments. Normally for injection mold: 30% down payment, 30% after cutting and 40% after samples approval.
Make sure that you and the injection molding supplier are on the same page when it comes to delivery schedules-normally for tooling,6-8 weeks. By doing this, you will be able to avoid any delays in receiving your goods or services. As mentioned earlier, it is essential to understand the risks involved with injection molding and make sure that you are prepared. If you want to lower your risk of experiencing a delay in production or a poor quality product, then it is important for you and the company that will be handling your injection into have an agreement in place.
Ensure that the contract clearly states the pricing to avoid surprises down the road. Price term (Incoterms) includes: FOB (Free on Board), CIF (Cost, Insurance, and Freight), CFR (Cost and Freight), CPT (Carriage Paid To), DDP (Delivered Duty Paid).
The supplier’s scope of work should be clearly defined in the contract. As a result, there will be no misunderstandings in the future. There are a number of different types of contracts. The contract should have the following elements: the name of the parties, the time period for which it will cover, the subject matter of the work to be performed, and-its scope.