Work out milestone payment schedule instantly with clear inputs, formula shown and shareable results.
A milestone schedule should be back-weighted so a meaningful payment remains outstanding until commissioning and acceptance. Front-loading payments removes the buyer's leverage exactly when it is most needed to close out defects.
Final milestone
Final % = 100% - Mobilisation % - Design % - Delivery %
Payment
Payment = Contract value x Milestone %
Indicative estimate only. Fees, entitlements, limits and formulas vary by jurisdiction, statute, policy wording and the facts of the case. This is not legal, tax, insurance or financial advice — confirm with a qualified professional or the relevant authority.
At least 10-20%, in addition to any retention. Anything less and the supplier has little financial incentive to complete punch-list items.
Absolutely. Each milestone needs a documented, testable acceptance criterion, otherwise payment triggers become a negotiation.