Renovation Payment Schedules in Vancouver: What’s Fair
Fair Renovation Payment Schedules for Vancouver Projects
Payment schedule disputes are one of the top causes of renovation conflict in BC. Understanding what’s standard and what’s predatory protects both homeowners and contractors.
Industry-Standard Payment Schedule
| Stage | Typical % | When Paid |
|---|---|---|
| Deposit | 10–25% | At contract signing (mobilization) |
| 1st progress payment | 25–30% | Framing/rough-in complete |
| 2nd progress payment | 25–30% | Drywall/flooring complete |
| Substantial completion | 10–15% | Work functionally complete |
| Final payment (deficiency holdback) | 5–10% | All deficiencies resolved |
What Is “Substantial Completion”?
Under BC’s Builders Lien Act, substantial completion means the project is fit for its intended purpose — the kitchen functions, the bathroom is usable. It does not mean every detail is perfect. This is the legal threshold at which the lien period clock starts (45 days for subtrades to file liens).
The Deficiency Holdback
Always retain a final holdback of 5–10% pending resolution of a written deficiency list. This is your leverage to ensure all punch-list items are completed. Release only when you’re satisfied — not on a specific date. BC’s Builders Lien Act permits a holdback of 10%.
Red Flags in Payment Requests
- 50%+ deposit demanded before work starts
- Payments demanded before milestone completion
- Cash only — no receipts
- Final payment demanded before deficiency list is complete
→ See also: Vancouver Renovation Planning Guide
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