Dear All,
The progress payments I got from Simonds Home are:
1. Deposit 5%
2. Base stage 20%
3. Frame stage 25%
4. Lock up stage 20%
5. Fixing stage 20%
6. Completion 10%
They said this was their standard progress payments before we signed the contract.
However, one of my friends who is currently building with Simonds...
His progress payments in his contract are...
1. Deposit 5%
2. Base stage 10%
3. Frame stage 15%
4. Lock up stage 35%
5. Fixing stage 25%
6. Completion 10%
I ask my CSR, she said she didn't know why my friend's progress payments were different from mine and all other contracts they were signing had the same progress payments as my contract.
Any comment on this? For those who were or are building with Simonds home, what are your progress payments?
Thank you.