Stratford Home Center
Construction Contract Payment Schedule
Cash Sale
- 10% of total contract is due at the time of signing the construction contract.
- The balance of the contract (90%) will be invoiced on a "Progress Draw" basis at the end of each month, and will be due by the 10th of the following month.
Mortgage
- 10% of total contract will be due at the time of signing the construction contract, either a customer's cash payment, or a combination of cash and mortgage proceeds.
- At the end of each month, commencing with the month that the factory fabrication, and the site work commences, SSC will submit progress payment requests to the Lender, with payment due by the 10th of the following month.