Payment Schedule

At Elite Stolos, we believe in transparency and fairness in all aspects of our construction projects. Our payment schedule is designed to provide clarity and flexibility, ensuring a smooth process for our clients while supporting the timely completion of your Residential Construction, Commercial Construction, Specialty Services, or Other Construction Services project. Below, we outline our standard payment terms and process to help you plan your investment with confidence.
Our Payment Philosophy
 
We strive to balance client convenience with the financial needs of delivering high-quality construction services. Payments are structured to align with project milestones, ensuring funds are available for materials, labor, and other resources while keeping you informed every step of the way. All payment terms are detailed in a written Service Agreement, customized to your project’s scope and requirements.
 
Standard Payment Schedule
 
While each project is unique, our typical payment schedule follows these stages:
 
  1. Initial Deposit
    • Purpose: Secures your project slot, covers initial design and planning, and funds the procurement of materials.
    • Amount: A percentage of the total project cost, as specified in the Service Agreement (typically 10–30%, depending on project size).
    • Timing: Due upon signing the Service Agreement.
  2. Progress Payments
    • Purpose: Supports ongoing work, including labor, materials, and subcontractor services.
    • Amount: Divided into installments tied to project milestones (e.g., completion of foundation, framing, or interior finishes).
    • Timing: Invoiced at agreed-upon stages, as outlined in the Service Agreement. For example:
      • 25% upon completion of site preparation or foundation.
      • 25% upon completion of structural work or framing.
      • 20% upon completion of exterior or interior rough-in.
  3. Final Payment
    • Purpose: Covers project completion, final inspections, and any outstanding costs.
    • Amount: Remaining balance of the project cost.
    • Timing: Due upon substantial completion of the project, after a final walkthrough and client approval, subject to any holdbacks for punch-list items.
Note: The exact percentages, milestones, and timing vary based on the project’s scope, complexity, and duration. These details will be clearly outlined in your Service Agreement.
Accepted Payment Methods
 
To make payments convenient, we accept the following methods:
 
  • Bank Transfer/ACH: Preferred for large transactions, with details provided in the Service Agreement.
  • Credit/Debit Cards: Accepted via secure payment processors (processing fees may apply).
  • Checks: Payable to Elite Stolos, subject to clearance before work progresses.
  • Online Payment Portals: Available for select projects, with instructions provided upon request.
Please note that cash payments are not accepted to ensure transparency and compliance with financial regulations.
 
Late Payments
 
Timely payments are essential to keep your project on schedule. If a payment is delayed:
  • A late fee or interest may be applied, as specified in the Service Agreement.
  • Work may be paused until the payment is received, which could impact the project timeline.
  • We will communicate promptly to resolve any issues and maintain project momentum.
Our goal is to avoid disruptions, and we encourage open communication if you anticipate payment challenges.
 
Refunds and Cancellations
 
  • Deposits: Initial deposits are generally non-refundable, as they cover planning, materials, and reserved project slots. Refund eligibility, if any, will be outlined in the Service Agreement.
  • Cancellations: If a project is canceled, you may be responsible for costs incurred up to the cancellation date (e.g., materials, labor, or permits). Cancellation terms are detailed in the Service Agreement.
  • Change Orders: Changes to the project scope may adjust the payment schedule. Any additional costs will be agreed upon in writing before proceeding.
Why Choose Elite Stolos’ Payment Process?
 
  • Transparency: Clear, upfront terms with no hidden fees.
  • Flexibility: Milestone-based payments aligned with your project’s progress.
  • Security: Secure payment methods to protect your financial information.
  • Support: Dedicated team to answer questions and guide you through the process.
Get Started with Your Project
 
Ready to begin your construction journey with Elite Stolos? Fill out the inquiry form below to request a detailed quote or discuss your project’s payment schedule. Our team will work with you to create a customized Service Agreement that fits your needs and budget.
 
Contact Us
 
For questions about our payment schedule or to discuss financing options, please reach out:
  • Email:  info@elitestolos.com
  • Phone: (610) 123-4567
  • Address: 104 S. Wayne Ave, Wayne PA 19087
We look forward to building your vision with a clear and fair payment process!