How Do I Verify Milestone Dates, & What Happens If One Is Missed?

Milestone dates should be defined in a clearly worded contract schedule, with objective criteria for completion. Ask the developer to provide a written milestone plan that ties a specific payment to verifiable progress (for example, slab completion, roof on, utilities connected). Require independent verification: an engineer's site report, progress photos, or a certifying authority's progress certificate before any payment is released. If a milestone is missed, set out a formal cure period in the contract during which the developer must remedy the delay or provide a compensated alternative. Specify what happens to funds already paid and whether you can suspend further payments, terminate, or demand refunds if progress stalls beyond the cure period. Consider an escrow or bank-backed protection for funds until milestones are met. Ensure that the exact unit, plan and price are tied to the completed work, not to generic statements. Finally, have an independent lawyer review the milestone provisions and any penalties for delays.