Payment plan, tips and notes

Hello community,

I currently have an offer with the following payment plan:

1) Submission of building application 10.0 %
less 5% security retention for the timely completion
of the work without significant defects (§ 632a Building Code)
2) Completion of foundation slab 15.0 %
3) Completion of ground floor ceiling 15.0 %
4) Completion of shell construction including roof truss 10.0 %
5) Completion of roofing works 7.0 %
6) Completion of window installation without window sills 7.5 %
7) Completion of exterior plaster, first layer 5.0 %
8) Completion of rough installation of sanitary and electrical work 12.0 %
9) Completion of interior plaster, underfloor heating and screed 13.0 %
10) Completion of interior doors 3.0 %
11) Completion of exterior plaster, second layer 2.5 %
12) Acceptance and handover to the client, payout of retention from 1)
Rate for deep drilling Total: ………………………………………….. will be invoiced after the service has been provided and offset against the 8th rate according to the payment plan.
Additional costs become due for payment when the execution has been carried out.

I would be interested to know what you think about this. I would be grateful for any tips and advice.

Hello,

I currently have an offer with the following payment schedule:

1) Submission of building application 10.0%
minus 5% retention for the timely completion
of the work without significant defects (§ 632a Construction Code)

Real retention or guaranteed by bank guarantee?

2) Completion of foundation slab 15.0%
3) Completion of ground floor ceiling 15.0%
4) Completion of shell including roof truss 10.0%
5) Completion of roofing work 7.0%
6) Completion of window installation without window sills 7.5%
7) Completion of first layer of exterior plaster 5.0%
8) Completion of rough installation of sanitary and electrical work 12.0%
9) Completion of interior plaster, underfloor heating, and screed 13.0%
10) Completion of interior doors 3.0%
11) Completion of second layer of exterior plaster 2.5%

12) Acceptance and handover to the builder, payout of retained amount from 1)
Rate for deep drilling total: ………………………………………….. will be invoiced after performance
and offset against the 8th installment according to the payment schedule.
Additional charges become due upon execution.

Apart from the fact that the text block still needs to be changed – deep drilling – I would only release the retention when the construction project is ready for handover without major defects; that is, after installment 11 and not before.

Overall, I cannot find any flaws in the payment schedule, and the weighting of the individual payment steps is fair for both sides.

Regards from the Rhineland

Ok, thanks to [Bauexperte].... what about the other experts?? No one has an opinion on this???? I would be happy....