TERMS OF PAYMENT
With budget is Set in Place, the house plans are designed and drawn, technical specifications and bill of materials are prepared and the final project costing is made. When all parties are agreeable, an Agreement of Construction contract is executed and building permits are secured; the First Phase of Construction will begin consequently.
Payment terms basically goes this way: upon signing of the construction contract, we ask for ten percent (10%) initial payment to close the deal. When the Building Permits are released, the twenty percent (20%) down payment is settled to finally start with the actual house construction. The balance will be paid through a monthly progress billing scheme.
[ Read also: The Philippine House Construction Process, for additional information on procedures and loan options. ]
How can we assure you that your custom home is built to schedule and within budget?
MACCDC commits itself to completing projects on time and to never go over budget. We do this by preparing all purchase orders based on the bill of materials immediately after the signing of the construction contract, before the actual construction even begins. This puts us away from possible price escalation of materials during the construction phase, which is usually the reason why other contractors go beyond the contracted project cost.
NOTE: EVERY BUSINESS TRANSACTIONS and PRICES, ARE FLEXIBLE and ALSO NEGOTIABLE!
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