payments
The following payment schedule is based on an expected start date of March 2008 and a completion date of July 2009. If this schedule changes due to faster or slower than expected progress being made then payment dates will change accordingly however regular progress reports will mean that adequate notice will be given to all owners regarding due dates for payments to ensure project schedule and expectations are followed wherever possible.
- 15% within two weeks of signing of agreement
- 25% 1 May 2008
- 25% 1 September 2008
- 25% 1 February 2009
- 10% upon completion and ready for occupancy July 2009
(Note: payment of the final installment does not in any way absolve the contractor of his 2 year guarantee on construction or building work which will be incorporated into the building contract)
Projected start date: March 2008
Projected completion date: July 2009
Please note: all quotes above are in rupiah, the currency for all construction work of the villas. Therefore the prices quoted in US dollars or other foreign currencies will vary with any fluctuations in the exchange rate of the rupiah against such foreign currencies.
The current exchange rate is around Rp 9000 =US$1 and as long as this remains stable for the construction period, costs in dollars will remain the same. However I can offer no guarantee of this. One option to avoid such fluctuations is to make full payment less the 10% completion payment at the outset of the project.