Preliminary insolvency of the developer - What to do?

you only pay according to progress, and for the payments made so far we have received all services or work is still being done on two things

Hello.

As far as I understand, you have paid 15% and received nothing. No idea if this is common with developers, but I certainly would not have done that. I also advise you to consult a lawyer.

You only pay according to progress, and for the payments made so far we have received all services, or currently two things are still being worked on. We haven't started any construction yet.

You have already paid 15%. Probably without the 5% retention for defects, right?

And you haven't started construction yet. But that is already quite a bit ahead of progress.

Hello.

As far as I understand, you paid 15% and got nothing..

You only pay according to progress and for the payments made so far we have received all services or two things are still being worked on.

You have already paid 15%. Probably without the 5% retention for defects, right?

And haven’t started construction yet. But that is already quite a bit beyond progress

Defects? We don’t even have a single stone standing yet and everything else like floor plans, sample selection, etc. is finished and approved.

You only pay according to progress and for the payments made so far we have received all services or currently two things are still being worked on.

Sounds a bit naive. The floor plans were created – okay, that costs almost nothing. The sampling was done – aha, that is probably your service...

What is being worked on doesn't matter. I understand you to mean that you transferred a mid five-figure amount to an insolvent company and practically received no consideration for it.

You only pay according to progress and for the payments made so far we have received all services

But you are aware that payment schedules are a matter of agreement. And the planning is usually not worth 15%, especially not yet complete.

Defects? We don’t even have a single stone standing yet and everything else like floor plans, selection of materials, etc. is finished and accepted.

In many construction contracts, it is agreed that the client may withhold a retention security for the duration of the warranty period (usually 5% of the invoice amount).

And these 5% are normally "retained" from the beginning. By the way, planning can also contain defects.

Is the architect/planner actually part of the insolvent company, or is it outsourced?

Or do you only have one contract?

In other words, it's nice that you have a builder. But who "directs" this person and handles the tendering of other various trades, construction coordination and construction supervision? Perhaps still the insolvent company?

I would, as already advised several times, seek specialist legal advice.