Finance

 

 

 

What are your payment terms?

 

Possibly the biggest worry  apart from getting a quality job done at the right price, is having to pay money up front with nothing to show for it.

Upon instruction to commence work most building companies will require a deposit of typically 25% in advance of starting work, with a further payment when materials are delivered on site, before any building work has started.

This has obvious risk elements for you as a client. There are risks such as the trader could disappear or cease trading be it a small or larger established company.  Recent economic events show us that anyone can be here today and gone tomorrow.  

 

WE DO NOT REQUIRE THIS EARLY HIGH LEVEL OF EXPENSE  FROM YOU

 

As a long established company we are sufficiently financially secure to limit this risk to you as a client. Therefore payment for your loft conversion or extension project is divided into 7 payments as follows. (For other smaller build projects a mutually acceptable payment structure can be negotiated with you and drawn up).

 

Payment 1

 

Is an initial deposit of only 5% if you are providing architectural drawings and structural calculations that have been submitted and approved. 10% if we are to prepare and submit these for you.

 

This payment is required

 

1) To secure your order

 

2) To cover the costs of architectural drawings and submission fees to the authorities concerned

                                                                        

 

 

Payment 2 to 7

 

Then two individual payments are made on each of the 3 build stages. These build stages are detailed on the site under

 

                    Build procedure for loft conversion

Build procedure for an extension

                               CLICK ON TEXT

The first is to cover materials once delivered on site and the other will cover labour once that stage is completed to your satisfaction.