<p>In a move reflecting new economic realities, here&rsquo;s an announcement from a concrete precaster that they are now requiring payment of one-third the purchase price in advance on all custom precast orders.</p>
<p>Effective Feb. 1, Westchester, OH-based Contech Construction Products Inc. requires a deposit on all custom products.&nbsp; The deposit is one-third down at the time of order. The remaining two-thirds is due 30 days from the date of invoice. &nbsp;<br /><br />&ldquo;This new deposit policy allows CONTECH to continue to provide the best service to our customers and to ensure that we can continue to meet and exceed their needs,&rdquo; said Steve Spanagel, president of Sales for CONTECH.&nbsp; &nbsp;<br /><br />The policy affects non standard products which include but are not limited to: bridge products, detention systems, large diameter pipe, slotted drain, stormwater units and ArmorFlex.</p>