Renovations Stage Payments?

2cracks

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The house we bought requires renovations. When we received approval for money for these renovations, our letter of offer says this money will be given with certs of compliance in stage payments. I understand this for the new extension and maybe even the attic conversion but but how does this work for other internal works? Do we have to keep going to the bank to ask for the price of new bathroom, put in the new bathroom, go back for the kitchen, put in the kitchen, electrician, plumbing etc?

What are the stages for renovation work?
Does anyone have any experience with this?

I think someone at the bank is raving.
 
Re: Renovations Stage Payments???

PS...I have that backwards, put in the kitchen, get cert, get money. Put in the bathroom, get cert, get money etc.
 
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