erickoahsee

2 Within twenty one (21) working days after receipt by the Purchaser of the Vendor’s written notice of the completion of :-
(a) the foundation and footing works of the said Building = 10%
(b) the reinforced concrete framework of the said Building = 15%
(c) the walls of the said Building with door and window frames placed in position = 10%
(d) the roofing / ceiling, electrical wiring, plumbing (without fittings), gas piping (if any) and internal
telephone trunking and cabling to the said Building = 10 %
(e) the internal and external plastering of the said Building = 10%
(f) the sewerage works serving the said Building = 5%
(g) the drains serving the said Building = 5 %
(h) the roads serving the said Building = 5%

3 On the date the Purchaser takes possession of the Building with water and electricity supply
ready for connection = 12.5%

4 Within twenty one (21) working days after receipt by the
Purchaser of the Purchaser’s solicitor of the written confirmation
of the separate document of title to the said Lot together with a valid
and registrable Memorandum of Transfer to the Purchaser duly
executed by the Vendor or on the date the Purchaser takes vacant
possession of the said Building, whichever is later = 2.5%

5 On the date the Purchaser takes vacant possession of the said Parcel as in item 3 and to be held by the
Vendor’s solicitor as stakeholder for payment to the Vendor as follows = 5%

(a) two point five per centum (2.5%) at the expiry of
six (6) months after the date the Purchaser
takes vacant possession of the said Building


(b) two point five per centum (2.5%) at the expiry of
eighteen (18) months after the date the Purchaser
takes vacant possession of the said Building.

TOTAL = 100%

posted by projectmanager @ 9:58 PM