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cuian01

How To Pay To The Contractor?

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Hi,just want to know usually how will you pay for your renovation? What is the process?

Say, you need to pay full amount as listed in the contract at very beginning? or maybe 30% at beginning, then half done another 50%, complete 20%?

 

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For my case,

2K : 2 weeks after they started work

3K : mid of reno

6K : upon completion & made sure everything was in order

My reno work was a simple one, not those $50K project :P

 

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Guest our-home

Ours is:

1K deposit upon contract confirmation

50% 1st payment upon delivery of consented materials

40% 2nd payment upon completion of all masonry

Final payment upon total completion and hand-over of site

 

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our payment terms stated on contract:

10% deposit upon confirmation

40% upon commencement of award jobs

40% upon measurement and fabrication of wood-joinery works

10% upon completion (exclude additional or variation order)

but our payment are:

$1k deposit when we signed the contract

50% after commencement of work

40% after all our carpentary works are almost completed

still holding on to last 10% + additional works cos we havent meet our ID yet. :lol:

 

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mine is :

20% start working

40% complition of tiling works

30% installing carpentry works

10% completion

my contract is write like this loh...but now capentry work almost done liao... i only pay 40% :bangwall::bangwall: very paiseh ar......

 

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wah can ah?

:dancingqueen:

the fella never complain ah

8|

most hobee's customers are like dat - or should i rephrase - it's HOBEE that doesnt requires the simi 10%, 50% pay up.

 

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