Down payment ratio of construction contract

The down payment ratio of a construction contract is generally 75% of the contract price as the project advance payment, and each project will be different, and there are also advance payments in installments.

The down payment is the first advance payment when buying a house. The general amount should be above 30% of the total house price. After both parties sign the pre-sale contract or the commercial housing sales contract, the down payment shall be returned or offset immediately.

A construction contract, that is, a construction and installation project contract, is a contract in which the employer and the contractor define the rights and obligations of both parties in order to complete the agreed construction and installation project.