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Onis do not believe in waving a wet finger in the air when it comes to how much you are to pay and doubt you do either. You will be glad to know we follow a coherent and logical method of appraising how much you should be paying and when you should be paying it.
Valuations
We operate a valuations based payment system where at the end of every month your project manager reviews the work that has been carried out as well as the materials on site and attribute a percentage of completion against every item of work in your schedule of works. These percentages are then added up and form the amount you are to pay in your next invoice. This way you are paying for progress!
Cash flow and Deposit Payment
Many problems that occur on a home refurbishment project can have their origins traced back to poor cashflow. Frequently, a building contractor does not have the cash flow to finance a project and upon awaiting payment from the customer cannot pay for materials or labour and subsequently delays occur.
We have a way round this.
The first payment you pay to us is a deposit made up entirely of the value of any sub contractor deposits and all of your fixtures and fittings (such as your kitchen, flooring and sanitary ware) and is payable in time for all items to be paid for and delivered in keeping with your project programme. This means there is no delay to your project due to items not being ordered, paid for or turning up on time. It is repaid to you each month throughout the project by being deduced from each valuation.
This is our standard payment model and as well as making your project run smoothly also means you are not paying the cost of Onis borrowing from its bank (it is standard in the building industry for banks to lend to contractors at a high rate and for the contractor to then pass this charge on to you at an even higher rate. This can add a significant mark up to the cost of your project and can be avoided with the use of a sensible payment policy).
Payment method
At Onis we shy away from the administratively laborious form of payment known as the cheque and have fallen hook line and sinker for telephone and electronic payments by CHAPS (same day transfer) or BACS (the standard automated payment method). We do hope this is not a problem for you. They are simply quicker, easier to manage and tend not to get lost by the postman!
Non-refundable Deposits
In the event that you require a commitment from Onis for a specific commencement date we may ask for a non-refundable deposit to cover the cost of rescheduling the project team and any loss of productivity.
Retention
Up to 5% of the contract sum can be retained by you for a period of 3 or 6 months depending on the contract we both agree on. This retention is to cover any defects that may arise from our workmanship.
Read about how we handle changes to your project .
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The Onis Way 
