These contract statements below are not always used and generally are modified to fit the particular project scope, scale, size and agreed upon terms.
Payment terms can vary depending on the size and scope of your project. However, typically, it will follow the following guidelines:
- At time of contract signing, a 5% deposit is due. This confirms our agreement and allows us to schedule and block out time for your project
- 1st day (week) of work, 1/3 payment (Investment) is due
- Followed by 2 more “progress payments” as your project approaches completion
- Final payment is due upon substantial completion and “use of space”
- Change orders (items not on original contract) are due upon agreement. Change orders will then be implemented