Final Payment Schedule
Final Payment Schedule
Contractor: Acme Builders Inc.
Project Name: Luxe Apartments Construction
Project Number: P2050-123
Project Address: 3121 Farland Avenue San Antonio, TX
|
Payment Milestone |
Amount |
Due Date |
Payment Method |
Notes |
|---|---|---|---|---|
|
Phase 1 Completion |
$50,000 |
July 15, 2055 |
Wire Transfer |
Upon inspection approval |
|
Phase 2 Completion |
$75,000 |
August 30, 2055 |
Check |
Final completion of electrical work |
|
Final Project Completion |
$100,000 |
September 30, 2055 |
Bank Transfer |
Substantial completion of entire project |
|
Retention Release |
$25,000 |
October 15, 2055 |
Bank Transfer |
After satisfactory completion of punch list |
Terms and Conditions:
-
Payments are subject to verification and approval of completed work by [Your Company Name].
-
Late payments may incur penalties as per the contract terms.
-
The final payment is contingent upon the contractor's compliance with all contractual obligations and project specifications.
Contact Information:
[Your Company Name]
[Your Company Address]
[Your Company Number]
