Questions about the payment plan

Good day everyone,

I have received the contract for work from our potential BU with the following payment schedule:
(Einfamilienhaus, 10.7 m x 12.7 m / 25° SD/Drempel: 1.375 m / with basement/bay window,
move-in ready, KFW 55 with ground source heat pump and garage 9x3m)

1. Submission of the building application 5.0 %
2. After completion of the foundation slab 10.0 %
3. After completion of the basement ceiling 10.0 %
4. After completion of the ground floor ceiling 10.0 %
5. After completion of the carpentry work 10.0 %
6. After completion of the roof covering 10.0 %
7. After installation of the windows 7.5 %
8. After screed work 10.0 %
9. After completion of the exterior facade 7.5 %
10. Upon completion and preliminary acceptance 15.0 %
11. After final acceptance before moving in and handover 5.0 %

What do you think, is this plan acceptable?

Thank you

Good evening,

what exactly does "Vorabnahme" mean?

Rhineland greetings

Thank you construction expert!
The following applies under acceptance and warranty:
After completion of the construction services, before handover and occupancy of the house, a preliminary acceptance takes place. If defects or Rsestarbeiten ... are identified during this, they will be promptly rectified by the contractor. After that, a formal final acceptance takes place ....

sounds basically not bad at first that basically 20% have to be paid at the end. with the basement, 62.5% (roof + windows are included) is already paid by the end of the shell construction, which is quite a lot, but with a basement maybe still okay. basically, it's about when the 15% at the end have to be paid. if massive problems are found during the preliminary acceptance, you would still have to pay 15% according to this payment plan. of course, you could then risk it and not pay. ultimately, you have the upper hand here as long as you don’t pay. basically, there isn’t much time between completion and handover. the preliminary acceptance normally takes place before completion so that the fun doesn’t get delayed at the end and all trades have the chance to fix their errors before handover/final acceptance. maybe ask the seller what exactly is meant by that and possibly have an expert take a look. ultimately, these 15% are for the interior work and final heating installation, which were itemized separately by other companies.

11. nach Abnahme vor Bezug und Übergabe 5,0 %

that basically means that the acceptance only takes place once the last 5% have been paid. otherwise, there are no keys and you stand in front of your own house without getting in :) we had the same clause and were fooled there too. otherwise, you can ask how they imagine the final acceptance without handing over the keys (during the final acceptance, the lock is changed from the construction lock to your own lock so that no trade can get in anymore).

The following is stated under acceptance and warranty: After completion of the construction services, before handover and occupancy of the house, a preliminary acceptance takes place. If defects or remaining work ... are detected, these will be completed by the contractor at short notice. Afterwards, a formal final acceptance takes place ....

You might smile now ... but your payment schedule is really a first for me o_O On the one hand, I am inclined to say that 62.5% at the stage of a closed shell is justifiable. On the other hand, trades are missing in the payment schedule and, in addition, an early acceptance is incorporated with one payment step. From gut feeling, I can neither recommend nor advise against it. I simply lack information about the provider and their concept. Rhineland regards

. On the other hand, trades are missing in the payment schedule and additionally an early acceptance is entered with one payment step.

These are ultimately just the final installation invoices, which occur in every other case under different names in the same way. Whether I now pay 15% for final installation of sanitary, heating, etc., or for early acceptance, it most likely comes down to the same thing. According to the plan, the early acceptance is supposed to take place upon completion, so that all trades have installed their expensive equipment. Overall, I find the plan relatively low-risk, since theoretically 20% of the amount is only to be paid upon completion. For early acceptance yes, for really big deals you naturally don’t pay the 15% but rather wield the legal hammer. However, heavy hammers are probably rather unlikely with such payment schedules, after all, the company probably wants to build trust with the 20% at the end.