Builders

Progress Payments
Progress payments are partial payments made to a contractor or builder as specific stages of a construction project are completed. These payments are contingent on the fulfillment of predefined milestones, ensuring that the contractor receives payment for the work completed to date without having to wait until the entire project is finished.
Speculative Building
Speculative building involves land development or construction without a formal commitment from end users, with the expectation that demand exists or will form for the finished product.

Real Estate Lexicon

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