Free General Contractor Payment Schedule Template
General Contractor Payment Schedule
[YOUR COMPANY NAME] | [YOUR COMPANY ADDRESS]
The following schedule outlines the payment milestones and corresponding due dates for the general contractor engaged in the project.
|
Milestone |
Description |
Percentage of Total Payment |
Due Date |
|---|---|---|---|
|
Initial Deposit |
Secures the contractor's commitment to the project |
10% |
Upon signing of contract |
|
Foundation Completion |
Completed once the foundation is laid and inspected |
15% |
Within 30 days of project start |
|
Framing Completion |
Includes walls, floors, and roof structures |
20% |
Within 60 days of project start |
|
Rough-In Completion |
Completion of plumbing, electrical, and HVAC systems |
15% |
Within 90 days of project start |
|
Exterior Completion |
Siding, roofing, windows, and doors installed |
15% |
Within 120 days of project start |
|
Interior Completion |
Drywall, painting, cabinetry, and fixtures are installed |
15% |
Within 150 days of project start |
|
Final Inspection |
Completion and approval of final inspection |
10% |
Within 180 days of project start |
