Payment Schedule

SCHEDULE OF PAYMENTS

   
Description
%
1. Immediately upon the signing of this Agreement 10
   
2. Within Fourteen (14) days commencing from the date of the Vendor’s notice of the following: -  
(a) commencement of earthworks of the said Building
10
(b) commencement of the foundation works of the said Building
20
(c) commencement of reinforced concrete framework of the said Building
20
(d) commencement of the walls of the said Building
15
(e) commencement of the roofing / ceiling, electrical wiring, plumbing (without fittings) of the said Building
10
(f) commencement of the internal and external plastering of the said Building
5
(g) commencement of the roads, drains and sewerage works of the said Building
5
   
3. On handing over of vacant possession 5
   
TOTAL:    100
   

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