According to the QBCC Act, all progress payments must be directly related to the progress of the work at the site in order to maintain optimal coverage by the Queensland home warranty insurance.
I feel progress payments for new build are a bit more straightforward. But what about a residential renovation?
I'm having the following done:
* Removal of non-load bearing wall
* Raise a sunken living room floor
* Replace kitchen and laundry
* Add a new ensuite
My builder has suggested the following stages:
1. Deposit (5%)
2. Site preparation (which is really securing trades and ordering supplies) (15%)
3. Demolition complete (20%)
4. Cabinet install and bathroom tile finish (30%)
5. Floor install (20%)
6. Practical completion (10%)
Are the above stages fairly normal?
I’m interested in hearing other people’s experiences with progress payments for residential renovations.
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Browse Forums Renovation + Home Improvement Re: Defining progress payments for residential renovation 2Apr 01, 2025 3:43 pm  nugleyAccording to the QBCC Act, all progress payments must be directly related to the progress of the work at the site in order to maintain optimal coverage by the Queensland home warranty insurance. I feel progress payments for new build are a bit more straightforward. But what about a residential renovation? I'm having the following done: * Removal of non-load bearing wall * Raise a sunken living room floor * Replace kitchen and laundry * Add a new ensuite My builder has suggested the following stages: 1. Deposit (5%) 2. Site preparation (which is really securing trades and ordering supplies) (15%) 3. Demolition complete (20%) 4. Cabinet install and bathroom tile finish (30%) 5. Floor install (20%) 6. Practical completion (10%) Are the above stages fairly normal? I’m interested in hearing other people’s experiences with progress payments for residential renovations. Nugley Yes you want to link each payment directly to a milestone for each component of work. We try and break ours down into 10% and then 15% for each stage. Helps with the cashflow for us and helps to make sure the customer is protected. Here is the breakdown for a recent full house renovation we did last year Like ⋅ Add a comment ⋅ Pin to Ideaboard ⋅ I hope this helps Cheers Simeon Architectural Homes & Duplexes - specialising in custom designing homes to your budget Get a Free Onsite Consultation Today or send a PM for information, questions or advice.  28 Feb 2025 16 Junior Member Re: Defining progress payments for residential renovation 4Apr 02, 2025 8:55 am  Ashington Homes nugleyAccording to the QBCC Act, all progress payments must be directly related to the progress of the work at the site in order to maintain optimal coverage by the Queensland home warranty insurance. I feel progress payments for new build are a bit more straightforward. But what about a residential renovation? I'm having the following done: * Removal of non-load bearing wall * Raise a sunken living room floor * Replace kitchen and laundry * Add a new ensuite My builder has suggested the following stages: 1. Deposit (5%) 2. Site preparation (which is really securing trades and ordering supplies) (15%) 3. Demolition complete (20%) 4. Cabinet install and bathroom tile finish (30%) 5. Floor install (20%) 6. Practical completion (10%) Are the above stages fairly normal? I’m interested in hearing other people’s experiences with progress payments for residential renovations. Nugley Yes you want to link each payment directly to a milestone for each component of work. We try and break ours down into 10% and then 15% for each stage. Helps with the cashflow for us and helps to make sure the customer is protected. Here is the breakdown for a recent full house renovation we did last year Like ⋅ Add a comment ⋅ Pin to Ideaboard ⋅ I hope this helps Cheers Simeon Thank you Simeon for taking the time to reply to my post as well as providing me with an example of progress payments that you've done for a renovation in the past. Appreciate your insight. This has helped me to understand how to better link progress payments to a milestone for each work component completed. Re: Defining progress payments for residential renovation 5Apr 02, 2025 3:49 pm nugley Ashington Homes nugleyAccording to the QBCC Act, all progress payments must be directly related to the progress of the work at the site in order to maintain optimal coverage by the Queensland home warranty insurance. I feel progress payments for new build are a bit more straightforward. But what about a residential renovation? I'm having the following done: * Removal of non-load bearing wall * Raise a sunken living room floor * Replace kitchen and laundry * Add a new ensuite My builder has suggested the following stages: 1. Deposit (5%) 2. Site preparation (which is really securing trades and ordering supplies) (15%) 3. Demolition complete (20%) 4. Cabinet install and bathroom tile finish (30%) 5. Floor install (20%) 6. Practical completion (10%) Are the above stages fairly normal? I’m interested in hearing other people’s experiences with progress payments for residential renovations. Nugley Yes you want to link each payment directly to a milestone for each component of work. We try and break ours down into 10% and then 15% for each stage. Helps with the cashflow for us and helps to make sure the customer is protected. Here is the breakdown for a recent full house renovation we did last year Like ⋅ Add a comment ⋅ Pin to Ideaboard ⋅ I hope this helps Cheers Simeon Thank you Simeon for taking the time to reply to my post as well as providing me with an example of progress payments that you've done for a renovation in the past. Appreciate your insight. This has helped me to understand how to better link progress payments to a milestone for each work component completed. You are welcome. Architectural Homes & Duplexes - specialising in custom designing homes to your budget Get a Free Onsite Consultation Today or send a PM for information, questions or advice. I'm arranging renovations to be performed on my house, which involve replacing the kitchen and laundry, adding a new ensuite, removing a non-structural wall and raising a… 0 94430 I’m interesting in hearing what are the things to be wary of in residential building contracts for renovations. 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