How to pay the decoration company for the decoration?

The decoration fee can be paid in one lump sum or in installments according to the progress. Most bedroom decoration projects adopt the method of paying the decoration fee by stages according to the progress of the project, but you must clearly stipulate the specific payment time and amount in the contract, and keep about 5%- 10% of the decoration fee until the project acceptance is completed, and then pay it after you have lived in for 2 months-1 year. Because engineering quality problems can only be found after check-in, which will make your engineering maintenance relatively secure.

According to the regulations of our country, we usually pay the decoration company in installments, with the down payment of 65% of the total amount, and then the final payment of 32% and 3% respectively. Generally, 32% final payment is paid after the first quality inspection, and 3% final payment is paid after the completion without any quality problems.

Renovation contract, the extended information room, is an agreement signed by the owner and the decoration company (contractor) on the renovation of the owner's house. Renovation contract should specify the fees, payment methods, time limit and amount.

References:

Baidu Encyclopedia-House renovation contract