Would love some advice :x
Yesterday, the developer contacted my wife, informing her that he would be invoicing the penultimate installment next week. Initially, we had always agreed to retain £10,000 until the snagging process is complete. However, during the last payment cycle (5 weeks ago), he stated in both our presence to pay the larger installment now and withhold £30,000 until final sign-off.
Upon challenging this, he asserted that it was a mistake or a misunderstanding, insisting that we had always agreed to withhold only £10,000 (all communicated verbally, of course).
The concern I face is that settling this new invoice would take us to 93% completion to date. Despite my lack of expertise in the trade, it's evident that we are far from reaching this level of completion. To illustrate, the outstanding items include:
- Kitchen/Utility Installation (payment pending for the kitchen and utality to Howdens)
- Utility Room Installation (including brick up of the existing garage with new a new front doors, windows and timber frame, insulate, screed floor etc.)
- Two New Bathrooms (we have picked, he needs to purchase and fit)
- Underfloor heating + him to purchase our new flooring for both upstairs and downstairs
- Two Front Doors
- All interior doors, architrave, frames, etc.
- Additional windows and doors yet to be installed / arrive
- Still lots of external brickwork to be completed
This list is extensive, and I've highlighted some major items. If I proceed with the payment, I fail to see any incentive for the developer to expedite the process, especially considering our need to occupy the house in some capacity by December 18th. Additionally, I find myself in a position where the developer could potentially walk away, leaving me with no materials (valued at way more than £30,000).
My stance is we , we've already disbursed payments exceeding the value of the work delivered thus far.