Not necessarily true. Custom made products, such as windows, may require advanced payment by the contractor and may be non-refundable. In that case, it would be foolish not to require a deposit. Also, not everyone may work with net 30 days.
Quote:
Originally Posted by jimbo2012
There's only one reason a contractor requires a deposit.
They are undercapitalized.
they don't pay for materiel's for 30 days.
so what's the money for? |