Just wanted to know what are considered reasonable payment terms for renovation.

Our contractor wanted:

40%: Before work commencement

50%: Mid-way

10%: Upon completion

Is this reasonable? TIA.

Just wanted to know what are considered reasonable payment terms for renovation.

Our contractor wanted:

40%: Before work commencement

50%: Mid-way

10%: Upon completion

Is this reasonable? TIA.

These terms look very familiar...

Are you considering the same ID as the one i have engaged?

If yes, its the same throughout for the whole ID company.

And not to worry, they won't run away... at least for this ID...

These terms look very familiar...

Are you considering the same ID as the one i have engaged?

If yes, its the same throughout for the whole ID company.

And not to worry, they won't run away... at least for this ID...

Nope my contractor is a different company (Design 25). I was just wondering what is the norm.

Edited December 19, 200718 yr by cyprusblade

Mine was the similar as yours except we had a deposit factor but we discussed and agreed on

10% - deposit

40% - prework (ordering of tile, etc)

30% - completion of tiling -> from 40%

20% - completion of reno -> from 10%