How to structure HDB renovation payment milestones in Singapore

Typically, the initial deposit ranges from 5% to 10% of the total renovation cost. This secures the contractors services and covers initial expenses.

Common milestones include demolition, hacking, and masonry works (10-20%), carpentry and plumbing (20-30%), tiling and flooring (15-20%), electrical works (10-15%), painting and final touch-ups (10-15%), and a final payment upon completion and handover (5-10%).

Negotiate clear and specific milestones with your contractor, aligning payments with completed stages of work. Document everything in a detailed contract.

Any variations should be documented in writing and agreed upon by both parties before the work commences. The payment for these variations should be clearly defined and added to the relevant milestone or as a separate payment.

Communicate your concerns to the contractor immediately and document everything in writing. If the issue isnt resolved, consider involving a third-party mediator or seeking legal advice.

No, withhold a portion of the final payment until youve conducted a thorough inspection and are satisfied with the quality of the work. Create a snag list with the contractor to address any defects before full payment.

Engage a reputable and licensed contractor, obtain a detailed contract with clearly defined milestones, document all communications and agreements in writing, and consider using an escrow service to hold payments until milestones are verified.