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Unformatted text preview: Owner has sole responsibility to approve cost changes Contractor will monitor and control all costs and report any potential cost overages to the customer prior to approval of the overage. In the case that project cannot be on or under budget, due to project specifications on the plans contractor to meet owners and explain what trades options may be undertaken to lower costs, or request budget overrides per owner instruction. Invoice and Payment Schedule Contractor will invoice customer upon completion of the following stages of the project and be entitled to the following percentage amount of the project cost: Foundation 10% Framing 20% Roof 10% Plumbing, electrical and HVAC Rough-in 20% Drywall and painting 10% All finish trim including appliances 10% Customer walk thru and approval 10% Final owner approval Balance of contract Owner to make payment on all invoices within 15 days of milestone approval....
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- Winter '15
- Project Management, Robert Bliss, cost management plan