Payment plan

2015-09-23 14:34:05

You have already paid nearly 70 percent when the shell construction is completed. By that time, you should actually have paid only about 50 percent. The important thing is that you receive the service first and then pay. Anything else could lead to serious problems later, especially if the construction company goes bankrupt.

2015-09-23 14:36:15

Good day,

Today we received from a company, with whom we are in advanced planning, the payment plan included in their standard contract.
How do you evaluate this? Do the payments actually correspond to the respective construction progress?

It concerns a construction sum of about 200,000 EUR and it is being built without a basement.

2.0% on submission of the building application/building notification
5.0% on issuance of the building permit
15.0% on concreting the foundation slab (main house)
15.0% on laying the ceiling above the ground floor
11.0% on concreting the ring beam (main house)
12.0% on erection of the roof structure (main house)
15.5% on installation of the windows (without entrance door)
11.0% on application of the interior plaster
6.0% on laying the underfloor heating pipes
3.0% on laying the screed
3.0% on application of the exterior plaster
1.5% on final acceptance

I am grateful for any opinion.

nordanney has already given you the correct answer; 75.5% at closed shell is a no-go! You should make sure that you have paid no more than 60% of the contract sum at closed shell. If there are "disagreements" after this construction stage, you can complete the construction from the remaining sum.

But in my opinion, you must not be under the mistaken impression that you can persuade your currently favored provider to abandon his payment plan. He has set it up as it is for good reason ;)

Rhineland greetings

2015-09-23 14:36:34

For comparison in single trade contracting: shell construction with roof & windows is finished, the rough installation of plumbing & electrical is 70% complete - I am currently at about 35% of my construction budget.

Electrical and plumbing are far from finished before the interior plastering (in terms of cost) - the expensive items are still to come.

2015-09-23 15:13:55

It also always depends on the construction company! We entered the race with 25%, 70%, 5%. The 25 and 70% were also relatively high. However, we knew about the solvency of our provider.

2015-09-23 17:42:44

We went into the race with 25%, 70%, 5%. The 25% and 70% were also relatively high.

That's then, in my opinion, a BT deal and another story altogether ;) Rhineland greetings

2015-09-23 22:04:15

that should be covered by the first two positions

After the first two points, all the architect services, etc. have already been provided.

I do not understand which service is provided between 1 (building application) and 2 (issuance of the building permit). That was my point. The building permit is granted by the authorities, the fees for it are a different matter ...

So what service is provided at item 2?

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Payment plan

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