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Payment terms will be established in the contract.
Please tell me you have a contract...
Some examples
Builders quote terms - this is where you sign their quote & agree to what they ask for..
BoQ (Bill of Quantities) will list items by description / unit / rate per unit / total - you will pay by the unit completed ie 5m2 of a 25m2 wall
Activity Schedule - will list tasks - you pay when the task is completed ie 25m2 wall.
Each agreed period (say monthly) they submit an AFP - Application for Payment, you review this & agree / disagree & make a payment within the specified term (ie 14 days)
What sort of warranty are you getting, have you agreed any sort of Performance Bond or retention?
My suggestion to you is get one of these & agree & sign up to the terms JCT Minor Works
Yes... this is my day job
What happened to a gentleman agreement, a mans word is his bond.
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