payment terms and schedule
Payment terms for a Basil project
Project and order : A project refers to home design undertaking for a single home. Multiple orders can be placed for a single project (for eg., one order for modular products, a separate one for services such as civil work). Payments are processed on an order level.
Booking Basil for your home : You can book your decor project with Basil by paying a booking fee which is charged at 10% of the estimated order value. The booking fee is adjusted against future orders of the project.
Execution milestones for an order
Mentioned below are the types of orders and pre-defined execution milestones for a clear picture of your payment schedule. At the execution milestone, 40 – 50% of the work in terms of the order value, is completed. Once the order reaches this milestone, the balance 50% payment is due.
Payment terms for an order In case your booking fee is already adjusted against an order(s), the following payment terms will apply for all subsequent orders. Need to be placed at 50% payment.
| Order Type | Overview of work involved | Execution Milestone(Pay Balance50%) | Handover |
|---|---|---|---|
| Order Type 1 | Civil & MEP (Mechanical, Engineering & Plumbing) | MEP base work & POP (Plaster of Paris completion) | MEP fixtures & fittings, final painting & handover |
| Order Type 1 | Genie Furniture (Workshop) | Carcass quality check completion | Installation & handover |
| Order Type 1 | Genie Furniture (On-site) | Wood framework completion | Installation & handover |
| Order Type 2 | Catalogue products | NA | Pay balance 50% for delivery & Installation |
Terms & Conditions
- Delays in making a payment at any stage can cause a delay in the project completion. Basil Homes is not liable for any such delay.
- In case of project cancellation after 50% payment, we are unable to refund any money