Payment terms & methods
Work Schedule | Single Storey House | Two Storey House |
A. Advance Payment To fix the price unchanged. |
10% | 10% |
B. Work up to Foundation Preliminaries, Earthwork, Rubblework, Plinth beams, Concrete bases |
14% | 7% |
C. Work up to 1st floor Slab Ground floor lintels, Brickwork, Columns |
16% | 8% |
D. Work up to Slab – Top level Concrete slab and all beams at slab level |
12% | |
E. Work up to Roof level Upper floor brickwork and columns up to roof level |
8% | |
F. Roof construction Calicut tilled roof and timber ceiling |
17% | 12% |
G. Plaster and Services 1st Fix Internal, External and Soffit plaster, Pipe laying for plumbing 30%, Electricity wiring, Fixing Doors and window frames. |
8% | 8% |
H. Decoration and gutters and down pipes Gutters and down pipes, Wall, Timber Ceiling and Slab soffit painting. |
8% | 8% |
I. Wall and floor tilling Wall and floor tiles |
12% | 12% |
J. Doors and windows Fixing doors and windows |
12% | 12% |
K. Final Miscellaneous work Fixing electricity switches, fixing bath fittings, and final miscellaneous work with final paint patching work |
6% | 6% |
L. After completion | 4% | 4% |
Note: All Payments should be made before the commencement of each stage.