Payment plan and unpleasant feeling

I would have 70% including [Fenster]. Now I am doing the [Fenster] myself. I haven't recalculated yet what that means for the payment share of the other services. Since I am also doing the stairs and interior doors and probably also heating and plumbing myself, it is quite possible that I will already be at 80% after the roof.

Thank you very much for your answers! I will try again to reduce the share up to the closed shell construction, but I am not very optimistic about it. Do I understand correctly that the guarantee of 10% for the last three installments is considered good for us as builders? Would you also sign the payment plan without adjustments?

Would you also sign the payment schedule without adjustments?

Good feeling with the general contractor and a reputable (local) company? Then yes. Because the alternative is that you would have to look for another provider who will probably come with a similar payment schedule.

Surety means you pay the installments normally and the bank guarantees to you that the corresponding amount can be reimbursed to you if necessary (in case of corresponding defects). So yes, good for you. Of course, also good for the general contractor, because he does not lose liquidity if you withhold the installments. To my knowledge, this option is also legally regulated.

There is also the opposite, that as a client you have to give a surety from the financing bank to the contractor for the contract sum. That would not be so good, because the bank usually charges for this surety.

For example, this is included in my contract. However, my general contractor has not demanded this so far....

Would you also sign the payment schedule without adjustments?

I personally would, because I already asked myself beforehand whether I have trust in this company to build my little house.

Would you also sign the payment schedule without adjustments?

Yes, because: ...

Do I understand correctly that the guarantee of 10% for the last three installments is considered good for us as builders?

... the guarantee that you already receive from step 11 serves the same purpose for you (and to the same extent) as if step 13 were the last ten percent here instead of the last two as otherwise recommended. It is therefore merely a different way to the same goal for you and apparently the more favorable deal for the contractor between him and his house bank, which does not bother you.