Final Payment Schedule Template
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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]
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