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Thread: Progress payment splitting
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16th December 2012, 05:50 PM #1
Progress payment splitting
Hi,
I have tried googling for hours but have returned no wiser. We are part way through a renovation. My builder had asked me if he could split a particularly hefty progress payment into half (ie. Pay 50% part way into that stage and 50% on completion of that stage). I said it was OK by me. He has since invoiced me for portion splits on every progress payment since. There are 2 stages where he has split each payment into 3 (ie 30%, 30%, 40%). Can he do this? It is not part of our HIA contract. I would prefer to pay on completion of that stage from now on as we are nearing the end of build and I dont want to have paid for say 70% of a stage with it only 30% complete since I wouldn't know how far into that stage they are anyway.
I hope that makes sense.
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