Having an extension costing around £50,000. How much should be held back until the job has been completed? 
Final Payment - how much?
- Thread starter eltommys
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10%, get it aggreed prior to starting. pay 5% of this on completion and then the other 5% after 6 months.
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Static said:
Even this seems a bit high in the modern procurement climate. I would suggest 5% reducing to 2.5% on completion, then balance on 6 months.
As stated by both Static and a previous poster - get it in the agreement and there will be no come back.
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