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"In this contract, payments are made upon signing, confirmation, and at certain percentages, but there's no set timetable," notes the speaker. Theystress that contracts should incorporate a work schedule and key milestones, aligning payments with tangible progress to prevent premature payments for incomplete work.
"You could end up paying up to 95% before the carpentry even begins, which is risky," the speaker warns. Properly defined milestones serve to protect the client and ensure that payments are linked directly to actual progress.
Material Specifications and Quality Assurance
Material descriptions form another vital component of a solid quotation. Vague or generic descriptions can lead to disputes over quality and cost.