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S & L Wild

(Construction Services)

Website Creation and Photographs by WILDLAS

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We work in SIX STAGES . . .  

 

STAGE 1  -  20%                      STAGE 4  -  15%

 

STAGE 2  -  15%                      STAGE 5  -  20%

 

STAGE 3  -  20%                      STAGE 6  -  10%    

 

In construction, a stage payment schedule is a list of dates setting out when payments will be made by one party to another, under the terms of the contract between them.  It can also be linked to the completion or fulfilment of certain pre-agreed activities or stages, at which point payments must be made.

 

By including a payment schedule in the contract, setting out who needs to do what and by when, the likelihood of parties getting dates wrong can be reduced, and so disputes are less likely.

 

A payment schedule will usually include the following details:-

The starting date for the contract

 

The amount to be paid as an initial payment

 

The interval of other payments after the initial payment

 

The timeframe within which the project will be completed

 

The estimated total construction contract amount

ExpPerry_StagesofConstruction

Erect Superstructure

& Roof

Excavate Foundations & Pour Slab

1st Fix Electrics

& Plumbing

Plasterboard

& Plastering

2nd Fix Joinerwork, Kitchen & Bathrooms

Decoration & Floor Coverings Completion & Handover Demo

stage payments

 "The payment of an agreed amount when an agreed stage of the project has been completed, often on a monthly basis."

CONTACT US for further information