Talk of The Villages Florida - View Single Post - paying contractors upfront
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Old 04-29-2016, 11:32 AM
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Quote:
Originally Posted by Veronica View Post
A contractor I was thinking of hiring wants one-third of the price of the job upfront. Should I give it to him?
Any reputable contractor will have credit set up with his vendors to buy materials. Generally a set amount is paid on completion of certain sections of a large job, such a material delivered to the job site, rough-in etc. These amounts are worked out between both parties in advance. Retain at least one third until the job is completed, and you are satisfied. Write the final check when you have lien waivers from every trade that worked on your project in your hands.