ramandeepsuri

payment schedule of builder - is it justified?

R countryside
6 years ago
Hello all, would appreciate if you can advice us if my builder payment schedule looks reasonable to you?
we are doing an extension and renovation of our house in London. pur builder is asking for 2% on signing. 20% a week before the work stats and remaining amount payble in equal instalments spead over 4 months (time frame he has given us to complete the job). is this reasonable? if not, then what should I propose to him? thanks for your help.

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United Kingdom
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