Cost Plus In Construction In California
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Initial Payment: $1,000 or 10% (whichever is less) Demo and Prep Work Completion: 20%
Final payments from the owner to the prime contractor become due within 45 days after the completion of the entire project. Upon receipt of payment from the owner, the prime contractor needs to make payment to their subs and suppliers within 10 days. The same deadline applies to all other payments down the chain.
