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Payment schedule

moldy_sea · 2019-02-14 15:12:28

What is "usual" schedule of payments for one off builds using a main contractor?

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14-02-2019 4:12pm

#1

moldy_sea

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Join Date: September 2018

Posts: 97

What is "usual" schedule of payments for one off builds using a main contractor?

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#2 15-02-2019 4:49pm
kieran.

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It depends on many factors but main ones would be
subfloor level,

wallplate level,

sealed structure( roof on windows in),

first fix,

second fix,

practical completion

final retention release

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#3 19-02-2019 11:32am
moldy_sea

Registered Users Posts: 162 ✭✭

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Posts: 97

Thanks for that. Would the amount to be paid reflect the cost of each of those stages or is the total divided by the number of stages?

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#4 19-02-2019 11:53am
kieran.

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The amount to be paid reflects the value of work done of each of those stages, generally its work done and materials on-site (minus retention) or milestone payments at agreed lump sum amounts. Your Arch/Eng should advise you on this.

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