HDB renovation: How to negotiate payment terms with your contractor

Tying payments to specific milestones ensures you pay as work is completed to your satisfaction, providing leverage for quality.

A deposit of 10-20% is standard in Singapore to cover initial material costs; avoid excessive upfront payments.

While possible, focus on fair pricing and value for money. Transparent cost breakdowns are more important than aggressive discounts.

Have a contingency fund (around 10% of the total cost) and discuss any changes with your contractor before work proceeds.

Ensure all payment terms, milestones, and the scope of work are clearly outlined in a written contract signed by both parties.