What Happens If a Construction Milestone Slips or Delays?

Milestone slips happen; the contract should tie payments to clearly defined, independently verifiable milestones rather than dates alone. Include a written milestone schedule that matches plans and permits, and insist on third-party inspections to verify each stage before releasing funds. Build in a holdback for final fit-out and defect corrections, with defined deadlines and remedies if a milestone is missed or delayed. Put substitutions, delay remedies, insurance, title or lease registration and handover procedures into the contract, not into vague verbal promises. Require clear change-order procedures and ensure that any price changes are agreed in writing. Require regular progress updates, supported by photos or site reports, and have independent legal counsel review milestones before signing. Finally, specify remedies if delays run beyond agreed windows, such as extension of time, liquidated damages or revised handover dates.