Assignment of the final installment payments

Hello,

our main contractor would like to have a financing confirmation from us or an assignment of the last 6 installment payments. Something like this:

The purchase contract amount is financed by the "bank". The client hereby assigns the installments (last 6) according to the payment schedule totaling x € of the main contractor contract to "the construction company". The release is made by the client and is paid to "the construction company" within the assigned claim and in accordance with the conditions of the contract upon presentation of the invoice.

Do I then really have control over the last payments?

Regards.

Unusual. Normally, one calls off, the bank also charges for that, and then the GU calls off independently. It gets exciting when you sign it and in the end there are discrepancies. You have it fixed elsewhere, the GU insists on the payment obligation.

I suspect that the bank will not comply with the assignment at all. You retain control because you have to authorize the release of the payment. In principle, the bank only wants to prevent the builder from having the money transferred to their account and, for example, withholding the final installment while already having the money in the account. Which bank was financing?

I suspect that the bank will not agree to the assignment.

You retain control because you have to authorize the payment release. In principle, the bank only wants to prevent the builder from having the money transferred to their account and, for example, withholding the final installment while already having the money in the account.

Which bank was the financing done with?

Please read the post again, think about it! And then reply! The general contractor wants the assignment, not the bank!

Please read the post again, think about it! And then reply! The GU wants the assignment, not the bank!

Exactly, HilfeHilfe, and the bank will not agree to the assignment.

What is there to complain about and think about again?

Don't do that. If you want to withhold a partial payment completely or partially because of defects, it will certainly get complicated.

Withholding money because of defects is your sharpest weapon.