Fair payment term
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 Jun 7 2022, 05:40 AM, updated 4y ago
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#1
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Senior Member
1,630 posts Joined: Jul 2005  
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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. This post has been edited by oRoXoRo: Jun 7 2022, 05:43 AM |
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Jun 7 2022, 04:54 PM
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#2
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Senior Member
1,630 posts Joined: Jul 2005
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QUOTE(mini orchard @ Jun 7 2022, 06:38 AM) 10% upon agreement. CONTRACTOR DONT NEED 150K TO START WORK ! Appreciate your feedback, but taking NRIC macam too much thoBalance 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  you mean visit the office of the contractor? |
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