In the middle of a in ground pool build. They quoted us 8-9 months from signing, with 3 months due to others being in front of us and permitting. Seems to be moving on the right pace so far. We have a shell, plumbing, and pregrade complete, with some tile and coping work in progress.
Our draw schedule is as follows:
10% down
30% Excavation: Due the day of excavation.
25% Pool Shell: Due the day of concrete/shell application
30% Plumbing/Equipment Set: Due once pregrade, plumbing, footer/retaining wall form is complete and pump/filter are set.
5% Prior to Plaster: Due prior to interior finish being scheduled.
We received an invoice for the plumbing draw a couple weeks ago. Most of those items have been completed BUT there is no pool equipment and the pump/filter have not been set.
When we replied and called to tell them the full list of items for the draw weren’t complete, they said we could hold back $4k until the equipment is set… we have reiterated a couple times that we are going to wait to pay the full amount until all the items are complete, per contract. But I’m worried us being “overdue” in their eyes will delay the build.
Would you pay the 30% minus $4k?
My thought is that if they wanted to be paid for each little item that’s completed, they should have spelled it out in $5k increments, we didn’t dictate the schedule, so we are wanting to stick to the schedule they defined.
Our draw schedule is as follows:
10% down
30% Excavation: Due the day of excavation.
25% Pool Shell: Due the day of concrete/shell application
30% Plumbing/Equipment Set: Due once pregrade, plumbing, footer/retaining wall form is complete and pump/filter are set.
5% Prior to Plaster: Due prior to interior finish being scheduled.
We received an invoice for the plumbing draw a couple weeks ago. Most of those items have been completed BUT there is no pool equipment and the pump/filter have not been set.
When we replied and called to tell them the full list of items for the draw weren’t complete, they said we could hold back $4k until the equipment is set… we have reiterated a couple times that we are going to wait to pay the full amount until all the items are complete, per contract. But I’m worried us being “overdue” in their eyes will delay the build.
Would you pay the 30% minus $4k?
My thought is that if they wanted to be paid for each little item that’s completed, they should have spelled it out in $5k increments, we didn’t dictate the schedule, so we are wanting to stick to the schedule they defined.