Is the general contractor payment plan acceptable? Thanks for tips

88% after cement screed. Then the heating installation, electrical completion, complete interior finishing, painting, exterior plaster are missing.

Then it is not 12% but about 30% still open and you are making a significant advance payment. I wouldn't want that.

Purchase contract is a mistake here, thanks.

The first installment is actually 3 instead of 8, due to the security withholding.

I do not see that we pay 88 percent before the interior finishing.
For example, installment 6, as named, concerns the completion of interior plaster.
This also means that pipes and cables must already be embedded in the walls.
Installment 7 screed practically also includes the installation of underfloor heating and controlled residential ventilation pipes.
Here it certainly makes sense again to specify the installation of the boiler and the controlled residential ventilation.

No. Not sensible... the plan is rubbish.

Why ask your question if you just spin the well-meant answers nicely?
If you are convinced of your general contractor, then don’t ask here what can make your general contractor seem very suspicious and bad compared to his counterparts.
The optimum often comes only for a lot of money, and you have to swallow many frogs if you need to "watch" the price a bit.
But please don’t dress up the bad and no-gos.
If anything, you have to know the disadvantage and, if necessary, live with the consequence.

No. Not sensible... the plan is rubbish.

Why your question, if you gloss over the well-intentioned answers?
If you are convinced of your general contractor, then don't ask here what can make your general contractor very suspect and bad towards his fellow players.
Optimum often only exists for a lot of money, and you have to swallow many toads if you need to "look" at the price.
But please do not gloss over the bad and no-gos.
If anything, you have to know the disadvantage and also possibly live with the consequence.

The purpose of a forum is to conduct a dialogue and not a monologue.

I have gratefully taken note of the answers and only pointed out that from our perspective, a part of the interior finishing is included in the 88 percent, since the pipes etc. have to be in the wall beforehand.

That the payment plan is not yet great is without a doubt.

I also note that this topic cannot be discussed here in such complexity, as I would then have to specify the entire scope of services --> underfloor heating etc.

The term interior finishing is not clearly defined here. It is clear that interior plastering is also interior finishing, but interior finishing includes much more.

What, for example, is still done AFTER the screed 4-8 weeks later:

- complete sanitary installation, except for built-in shower/bathtub
- complete tiling
- floors/walls/ceiling
- interior doors
- possibly the actual front door, if built with a construction door (very sensible, because scratches and the like on the front door are only compensated with a pittance when building with a general contractor; with individual contracting there is nothing, because of course no one was responsible)
- stairs
- installation of the ventilation system and other electrical work
- possibly kitchen, if included with the general contractor (was part of our contract)
- final assembly of windows (handles, sills everywhere, etc.)
- electrical work such as switches, sockets, LAN, satellite, etc.
- theoretically, the commissioning of the heating system also only takes place after the screed, because it has to rest for a few days. Possibly the heating arrives only after the screed, only the lines are installed in advance
- construction site cleanup (if the people always left their trash before and suddenly go bankrupt, the trash is your problem...)
- possibly roof hatch, if previously only a cover plate was installed
- testing procedures such as the blower door test
- all final inspections such as settings for heating, ventilation system, etc.
- acceptance of the finished house including freedom from defects, or recording of defects (very important point)

Quite a long list for only 12%...

PS: If your general contractor goes bankrupt, you should IMMEDIATELY change the lock on your construction door. There are often craftsmen who then come to reclaim their goods (because they didn’t get paid by the general contractor).

I have gratefully noted the answers and only mentioned that from our perspective, part of the interior fittings is included in the 88 percent, since the pipes etc. have to be inside the wall beforehand.

Not only with you, that's the case with every house.
If the general contractor goes bankrupt, you will definitely pay for it.

The purpose of a forum is to have a dialogue, not a monologue.

I have gratefully acknowledged the answers and merely stated that from our perspective, part of the interior finishing is included in the 88 percent, since the pipes etc. have to be inside the wall beforehand.

That the payment plan is not great yet is beyond doubt.

hm then have the dialogue with the general contractor.... let’s see what he tells you. Take it or leave it. And again, even if you don’t want to admit it. You are taking quite a risk. Yes, every developer is inherently at risk because about 50% is gone by the shell construction. But when it starts with stress and the general contractor can no longer stand you, it's over. Why doesn’t he orient himself according to the specification?