Payment Agreement - Renovation work
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 Dec 2 2011, 09:04 PM
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#1
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Senior Member
3,173 posts Joined: May 2007 
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Progress payment based on actual work done (with a slight retention) would be best for both parties. So, if your contract is priced individually according to the varied trade/ area of work, it should be quite easy.
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Dec 6 2011, 09:38 AM
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#2
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Senior Member
3,173 posts Joined: May 2007
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I would reckon that progress payment should not be tied to date. To be fair to both parties, it should be based on work done. Work could be delayed for some reason. If that happens, then how?
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Dec 6 2011, 10:38 AM
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#3
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Senior Member
3,173 posts Joined: May 2007
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QUOTE(corniecorn @ Dec 6 2011, 11:21 AM) sorry tumpang thread. Better get the payment issue sorted out with your contractor. Check out what is the cost for the balance of work. Do not pay much more than that. Else, you will at the mercy of your contractor. Unless you know the contractor well. Even that, you should be cautious.can anyone advice me? my house reno progress is about 80% done but this situation had lasted for 2 weeks (actually has overdue), the contractor take his own sweet time and at the same time keep asking me for money. Then now he ask me again for money to pay for the aluminium glass door and window, ard 2.5K. I was thinking not to pay first because I intend to pay him one shot (final payment left 3k plus only) cuz he promise this weekend can end the work. But I afraid after I pay him, he will continue to drag the work again and if I dun pay him now, he will say then the job cannot complete on time. Please advice what should I do??   |
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