Payment terms for prefab house

75% for the shell construction. I wouldn't do that.

[*]- 5% after handover

Possibly after acceptance, not after handover - otherwise, if there are remaining defects, you won’t get into the cozy home without payment ...

Hello,

this would be my idea:

1) 5% after the creation of the work plan and the sampling

2) 20% after the completion of the basement floor in shell construction

3) 40% after the completion of the shell construction (consisting of exterior walls, windows, front door and [Wärmeschutzfassade], interior walls, ceiling and roof structure as well as roof covering)

4) 20% after the completion of the screed

5) 15% after the house acceptance

The problem will be to convince the construction company of a change!

Best regards in short

Yes indeed. I already tried that today, unfortunately without success. There is only the option to accept it or to just leave it.

I would make that dependent on how solvent the company is (see [Bundesanzeiger]). Otherwise, the payment plan is not unusual in the industry. We are also building a prefabricated house and for us it looks as follows:

- 5% after submission of the complete building application documents
- 5% after completion of the foundation slab
- 75% after construction; at this point, windows, roller shutters, and front door are installed, the roof is covered, and plumbing and electrical preparations are completed.
- 15% after acceptance and handover

Since the company we commissioned has a very good reputation and builds up high reserves, I sleep well.