Construction Payment Schedule
Construction Payment Schedule
Prepared by: [YOUR NAME]
Payment Schedule
This Construction Payment Schedule outlines the payment milestones and corresponding due dates for the construction project undertaken by [YOUR COMPANY NAME]. It is designed to ensure a structured and efficient financial flow, enabling the seamless progression and timely completion of the project.
|
Milestone |
Description |
Payment Due (%) |
Due Date |
|---|---|---|---|
|
1 |
Initial Deposit |
10% |
Contract Signing |
|
2 |
Foundation Completion |
20% |
30 Days After Start |
|
3 |
Framing Completion |
20% |
60 Days After Start |
|
4 |
Roofing and Windows |
20% |
90 Days After Start |
|
5 |
Plumbing and Electrical |
15% |
120 Days After Start |
|
6 |
Interior Finishes |
10% |
150 Days After Start |
|
7 |
Final Inspection and Approval |
5% |
180 Days After Start |
Notes
-
All payments are due upon receipt of the invoice. Late payments may result in project delays.
-
Please ensure timely payments to facilitate the smooth progression of the construction project.
