Project Execution & Payment Terms

FaBoSo Estate & Housing (FEH) is committed to delivering professional, transparent, and customer-focused real estate services. This set of project execution & payment terms outline the principles, standards, and procedures guiding our engagement with clients to ensure mutual trust, satisfaction, and compliance with relevant laws.

a. Standard Payment Terms

– All invoices issued by FEH must be settled within fifteen (15) calendar days from the date of issue unless otherwise agreed in writing.
– Late payments will attract an interest charge of 10% per month on the outstanding balance.
– Timely payment ensures prompt procurement of materials and commencement of scheduled works without delays.

b. Interior & Exterior Works by FEH

FEH undertakes both interior and exterior property enhancement projects, which may include, but are not limited to:

Interior works

• Painting and wall finishing (standard and decorative)
• Flooring (tiling, wood, laminate, vinyl)
• Ceiling installation and repairs
• Electrical wiring and lighting fixtures
• Plumbing installations and repairs
• Kitchen and bathroom fittings
• Interior design and space optimization

Exterior works

• Exterior painting and finishing
• Roofing installation and repair
• Fence walls, gates, and security installations
• Landscaping and garden design
• Driveway and walkway construction
• Exterior lighting
• Drainage and water management systems

c. Payment Structure for Project Works

– Full payment for materials is required upfront to enable procurement.
– 50% of workmanship (labour) cost is due prior to commencement of work.
– The remaining 50% of workmanship cost is payable immediately upon successful completion of the project.

Example – Painting Project:
Once the initial payments are received:
1. Materials are procured within three (3) working days.
2. Painting works are completed within five (5) to seven (7) working days thereafter.