Payment plan okay - 13% after the floor slab?

I have thought about it and the risk is actually too high. If the company went bankrupt, we might suffer the consequences for a very long time and, due to the family situation, we can't quickly recover from it. I will address it that way.

Is there possibly the option to transfer the money to a secure account until, for example, the completion of the shell construction? Then the general contractor would have the security that we can pay, and we would have the assurance that the money won't disappear in case of insolvency?

And how can I find out how the general contractor is financially positioned?

You can make all payments, for example, via a [Notaranderkonto]. However, the [GU] must agree, and it will certainly cost quite a bit.

You then pay into the account, and the notary releases the funds according to your instructions. But even there, the payment schedule would have to be changed to postpone the due date. The [GU] usually sets up the schedule in a way that allows them to work with your money already.

So the only option is to negotiate and possibly change providers.

I have the impression that larger construction companies tend to have more "customer-friendly" payment plans in the contract.

A point of reference is the Bundesanzeiger. Otherwise, if you are in the BHB, you can also obtain a Creditreform report (e.g.).

One point of reference is the Bundesanzeiger. Otherwise, if you are in the BHB, you can also obtain a Creditreform report (e.g.)

I have found the Bundesanzeiger and also the GU. Unfortunately, I don't understand a word of it [emoji20]. Would it be possible for someone to take a look, and I would send the link via PM?

50% for the shell construction is okay, it should not or hardly be more. % at the time of signing is not acceptable, for which service then? The first 5% for completion of the building application documents maybe, but better only due after the building permit has been granted. Here lies a cost trap: What actually happens if the application is not approved as is and needs to be revised after the 5%? Or if the design is crap?

We have paid the first 6% after completion of the foundation slab... and we are building with a basement, which means all earthworks were carried out beforehand...