How Would you Describe "Finishing Stage" of construction

[Chelsea Mastin]

Hi everyone!

I am under contract for the construction of a property. We agreed upon 4 payments. The first to be made to initiate construction, the last when construction is finished and 2 additional payments in-between. The 3rd payment is to be made at "finishing stage."

Made a mistake on contract of not listing out the specifically what "finishing stage" is for the 3rd payment. Live and learn. My contractor is trying to collect and we are arguing.

Was hoping a contractor or investor with construction experience could offer some insight on when they would feel comfortable with a the 3rd payment exchange?

When I inspected last week they had completed framing, plumbing and we're starting HVAC. I will inspect property tomorrow and see where they are, but wanted to as for insight to avoid any unnecessary arguments tomorrow if I am I The wrong.

Thanks in advance,

Chelsea

[Josh Cuthbertson]

I would say a good argument for you to use is to state that the finishing stage occurs when they are putting all of the finishes in the project. Tile, paint, carpet, etc. etc.

Since finishing stage isn't really an industry term you'll have to come up with some sort of logic. You can make the 4th and final payment after you complete a "punch list." Google that term, it'll be a good one to use.

Good luck!