Jun 7 2022, 06:38 AM
QUOTE(oRoXoRo @ Jun 7 2022, 05:40 AM)
Hi all,
Would like to ask what is the fair payment term for renovation 300k and above
What i got is 20% deposit and 50% upon confirmation drawing.
It is like 70% paid in advance and the 30% rest pay progressively.
Another one was like 50% in advance.
10% upon agreement. CONTRACTOR DONT NEED 150K TO START WORK !Would like to ask what is the fair payment term for renovation 300k and above
What i got is 20% deposit and 50% upon confirmation drawing.
It is like 70% paid in advance and the 30% rest pay progressively.
Another one was like 50% in advance.
Balance as per work done for each section .... eg .. wall, roof, wiring, plumbing, flooring, foundation etc.
Retain 5% for 6 - 12 months for defects rectification guarantee.
WRITE UP A PROPER AGREEMENT !
NO VERBAL.!
TAKE PHOTOCOPY OF CONTRACTOR NRIC !
CONFIRM NRIC ADDRESS .... VISIT THE PLACE
This post has been edited by mini orchard: Jun 7 2022, 06:42 AM
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