The stages or payment terms of your renovation are typically outlined in your renovation agreement. Most renovation projects are divided into smaller components classified either by phases or by payment terms.
When setting up your payment on CardUp, you can specify your renovation phase or payment term according to the description provided in your renovation agreement.
Here are some examples you may find in your agreement:
1. Renovation stage/phase description or number
e.g. design phase, construction phase, interior implementation phase, OR phase 1, 2, 3 etc.
2. Payment terms
e.g. 15%, 30%, 50%, 80%, of total payment amount.
Sample 1:
Sample 2: