Meaning of payment schedule
Payment Schedule
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Glossary of construction terms
Meaning of payment schedule :
Payment schedule: A pre-agreed upon schedule of payments to a contractor usually based upon the amount of work completed. Such a schedule may include a deposit prior to the start of work. There may also be a temporary 'retainer' (5-10% of the total cost of the job) at the end of the contract for correcting any small items which have not been completed or repaired.
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Glossary of construction terms
Payment Schedule
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