Assumptions
Milestones are preliminary owner-protection percentages for residential construction. Retention is held aside until completion or agreed defect-liability conditions.
What This Tool Does Not Include
It does not create a legal contract, certify work quality, measure quantities, or approve contractor claims.
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FAQ
Is advance payment always bad?
No, but a high advance increases owner risk before visible site progress.
Why keep retention?
Retention helps protect against incomplete work, defects, and unresolved handover items.
Should milestones total 100%?
Yes. If they do not total 100%, the payment schedule should be corrected before signing.
Estimate Disclaimer
This tool provides a preliminary estimate for planning and discussion only. Local rates, site conditions, design requirements, labor practices, contractor scope, and engineering requirements can vary. Always verify with a qualified professional before making financial, structural, or contractual decisions.