What is the payment structure for the Oasis Tamarindo Condominiums, and how does it relate to completion of the project?
First, a $5,000 deposit will be required to secure your unit. This deposit is refundable in the event that the developer does not obtain all the necessary permits. The developers expect to receive the permits by approximately April 15, 2007 and at this time; you are required to increase your deposit to 10% of the purchase price. After this point, the deposit is no longer refundable. At the start of construction, which is estimated to be April 15, 2007, an additional payment of 30% of the purchase price is required. The rest of the payment schedule is structured around the building and completion of the units. This is expected to take approximately 18 months. The payments are as follows; 15% at the completion of grey work on the 3rd level, 20% at the completion of the roof on the building in which your unit is located, 15% at the completion of ceramics on the floor of your unit and lastly the final 10% upon the completion of work on the building in which your unit is located. This is al
Related Questions
- The payment structure provides for 40% to be paid on completion of the output. This might put the third sector at a disadvantage, so what is the LDA doing about this?
- What is the payment structure for the Oasis Tamarindo Condominiums, and how does it relate to completion of the project?
- Is Percentage of Completion aggregated in a cProjects project structure?
