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Payments in a construction project

TexasCash FlowPrompt Payment

Is it legal in San Antonio(Tx), for a Builder LLC to request a customer for payments for the construction of a Residential unit in this manner? E.g.: The project due date is 5 months from signing of contract. Downpayment 50% in advance Month 1 10% Month 2 10% Month 3 10% Month 4 10% Month 5 10% Assuming project construction advances accordingly and on schedule. Thanks in advance!!

1 reply

Sep 8, 2020

Hello,

Yes. That looks fine by me. If the customer wants to negotiate, the customer has the right to negotiate.

E. Aaron Cartwright III
214.789.1354
Aaron@EACLawyer.com

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